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New lease accounting guide now available

Our newly updated guide, which includes changes from both FASB and GASB, is now available for download. For entities that have not yet adopted the guidance from FASB ASC 842, it is effective for reporting periods beginning after December 15, 2021. For entities subject to GASB Statement 87, the standard is effective for reporting periods beginning after June 15, 2021.

OMB-360x430
 

 

Cybersecurity update for organizations: Considerations for boards and senior management

As auditors, we have seen a significant increase in the amount of impactful incidents affecting not-for-profit organizations and our IT security experts often share valuable advisory comments in annual audit communications with our clients. With recent incidents and a very rapidly changing business environment, here are the three most important from the last six months that impact all not-for-profits. 

 

ERISA: bonding requirements and compliance testing

Generally, every fiduciary of a plan and every person who handles funds or other property of the plan must be bonded. ERISA's bonding requirements are intended to protect employee benefit plans from risk of loss due to fraud or dishonesty on the part of persons who handle plan funds or other property. Here's what you need to know.

 

Michaud named to Top 200 by New Hampshire Business Review

Tammy Michaud, Principal and the leader of BerryDunn's Not-for-Profit Practice Group, was named to the New Hampshire Business Review's Top 200, recognizing the state’s most influential business leaders.

 

BerryDunn audience survey: Help us serve you better!

As we strive to deliver valuable information and engagement opportunities, our goal is to ensure our communications and events are as effective and helpful to you as possible. Can you spare a few minutes to help us create a better experience for you moving forward? When you complete our five-minute survey you can enter to win a Bose Bluetooth speaker!

 

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