Our Thoughts On Archive

Using the Composite Financial Index as a Self-Benchmarking Tool

The Composite Financial Index (CFI), which was developed for use by institutions of higher education, is a very effective tool for self-benchmarking. While

Avoiding Common Issues in Your Single Audit

Thomson Reuters published a white paper on some of the most common issues encountered in single audits for the year ended June 30, 2016. The top lessons

FASB Proposes Improvements to Not-For-Profit Grant and Contribution Accounting

Several stakeholder groups, including the AICPA, FASB NFP Advisory Committee and others, have raised concerns over the difficulty encountered by many not-for-profit

Reviewing a Form 990 as a Board Member

Beginning in 2008, the Internal Revenue Service requires disclosure of 1.) whether an organization’s Form 990 itself has been provided to the filing

Planning for 2017 Form 1042-S Changes

Form 1042-S, Report of Foreign Persons' U.S. Source Income Subject to Withholding, has several additional reporting requirement changes for 2017. The

Year-Round Pell: Application and Calculation

Effective July 1, 2017, eligible students are able to receive “up to 150 percent of the student’s Pell Grant scheduled award” with a