The Difference Between an Audit and a Review Engagement

By |2021-04-23T14:23:36-05:00May 19th, 2016|

Audits and Review Engagements are the typical year-end services offered by professional accountants to association and not-for-profit clients. For an association, the by-laws may dictate which type of service is required. If they do not, the type of service you require will depend on the degree of assurance you [...]

Basics of Financial Reporting for Board Members Without Financial Experience

By |2021-04-23T15:03:19-05:00March 12th, 2014|

The purpose of this article is to help board members who do not have financial experience understand their organization’s financial reporting and their personal responsibilities associated with that. Responsibilities of Board Members A recent quote in Trustee Magazine did a nice job of explaining the connection between financial reporting [...]

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