Hawkins Ash Nonprofit Articles

January Social Posts

Segregation of Duties: Common Issues and How to Address Them

As a not-for-profit organization, ensuring that safeguards are in place to lower the risk of fraud or material misstatement is
Cecl A Practical Step To Take Now For Your Upcoming Audit

CECL: A Practical Step to Take Now for Your Upcoming Audit

Accounting Standards Update 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (CECL) has been in effect for
Women At Computer

Nonprofit Connection Newsletter: November 2023

In this November 2023 Nonprofit Connection newsletter, our CPAs provide updates and coverage of the following topics: CECL: A Practical
Donor Nonprofit

Donor Acknowledgements: A Great Way to Build Donor Relationships and Fulfill IRS Requirements

For many nonprofit organizations, donor contributions are a significant source of their revenue. It is important to send donor acknowledgment,
Nonprofit Connection November

How to Accept and Record In-Kind Gifts

Your nonprofit organization may receive contributions in the form of nonfinancial assets, which are goods and services received at no
ASC 842 lease standard

ASC 842 Lease Standard: Understanding the Impact on Not-for-Profit Financial Statements

Now that most not-for-profit organizations have implemented the new lease standard (ASC 842), it is a good time to look
related party disclosures

Understanding Related Party Disclosures: A Guide for Not-for-Profit Organizations

At some point during a not-for-profit organization’s audit, the auditor will likely ask for information pertaining to any known related
Family Promise of Ozaukee County

Client Feature: Family Promise of Ozaukee County

Since 2015, Family Promise of Ozaukee County has helped those who are homeless or at risk of homelessness. Throughout the