AAFCPAs Meets Our Scholarship Recipient at MSCPA Believers and Achievers Reception
The 2016 AAFCPAs Scholarship of $2,500, awarded through the Massachusetts Society of CPAs’ (MSCPA) Educational Foundation and MSCPA Scholarship Program, was granted to Jieyin (Jane) Sun, an exceptional Master of Science in Accountancy candidate from Bentley University’s Graduate School of Business. The announcement was made during an event honoring educators, CPA exam passers, and scholarship winners hosted by […]
How Brexit May Impact Your Investments
You are likely aware of the recent news of the United Kingdom’s vote to leave the European Union. Below is a quick summary of what has occurred: On June 23rd 2016, the United Kingdom voted yes on a referendum to leave the European Union. The process of actually leaving the European Union could take 2-3 […]
Podcast: Regulatory Update: The IRS is Taking a Data Driven Approach to Audits
Listen to Podcast Click here to listen to podcast or use the above media player. Jeanie Gorlovsky-Schepp, Manager, provides insight into how the IRS is now taking a data-driven approach to reviewing the Form 990 to scrutinize governance, accountability and oversight of exempt organizations. Jeanie identifies the most common IRS Form 990 issues that may […]
Form SF-SAC Submission for Single Audits Deadline Extended
The U.S. Office of Management and Budget (OMB) created, but has yet to issue its new data collection form (Form SF-SAC) applicable to single audits performed under Uniform Guidance (UG). Nonprofits whose audits were performed under the Uniform Guidance are unable to submit the Form SF-SAC and their reporting package to the Federal Audit Clearinghouse […]
Mass Murder May Lead to Charity Scams and Identity Theft
AAFCPAs would like to make clients aware of a recent consumer alert issued by the IRS warning taxpayers about the possible emergence of fake charity scams in the wake of the recent mass-murder in Orlando. The agency is encouraging donors to seek out recognized charitable groups and to use the IRS website to verify the […]
Regulatory Update: Accounting Standards Update
Listen to Podcast Click here to listen to podcast or use the above media player. In this much anticipated annual Regulatory Update, Jeff Cicolini, Partner, provides an overview of significant regulatory changes affecting nonprofits, including: decisions reached by the FASB in relation to the nonprofit financial statements project; new revenue recognition standards; going concern; and […]
10 Things I Know About Diversity
WBJournal.com | Carla McCall, CPA, CGMA 10) It’s a near-borderless economy. Companies conduct business all over the world. You need people who can relate to cultures and businesses in different markets. 9) Diversity allows you to compete upstream. In industries like accounting, regional firms compete with global entities on a regular basis. It may not […]
How to plan for the future
WBJournal.com | Carla McCall, CPA, CGMA talks about a few important trends AAFCPAs is focused on in order to ensure we’re ready for what comes next.
Regulatory Update: Uniform Guidance – Required Policies
Listen to Podcast Click here to listen to podcast or use the above media player. Matt Troiano, Partner, provides guidance for nonprofits on 8 “must-have” written policies and procedures required under the new Uniform Guidance.