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AAFCPAs to Present Workshop on Anticipating Fraud at NBOA Conference, San Diego, CA

AAFCPAs has been selected to present an educational workshop: Rogue Waves Sink the Unwary Vessel: Think Like a Fraudster at the National Business Officers Association (NBOA) Conference in San Diego, CA, March 3-6. This is a must-attend conference for CFOs, heads of school and other business and operational leaders in nonprofit K-12 education, providing exceptional learning opportunities that touch on independent school leadership, finance, enrollment, risk management, facilities, governance, fundraising, technology, and... continue reading

Guidance on How UG Procurement Standards Affect Charter Schools

AAFCPAs’ John Buckley, CPA, CGMA discussed challenges and opportunities facing Charter Schools while attending and presenting at this year’s National Charter School’s Conference in Austin, TX. In conversations, John learned that many schools have yet to formally update their procurement policies to reflect the Uniform Guidance (UG) procurement standards. As a reminder, the grace period for non-federal entities to comply with these standards concluded on July 1, 2018. If you have not already,... continue reading

Treasury, IRS Relieves Regulatory Burden for Certain Tax-Exempt Organizations, Protects Personal Donor Information

AAFCPAs would like to make clients aware that the Treasury Department and IRS announced on July 16th, 2018 changes to donor disclosure requirements for certain tax-exempt organizations. This new revenue procedure does not affect the statutory reporting requirements that apply to tax-exempt groups organized under section 501(c)(3) or section 527, but it relieves other tax-exempt organizations—groups that do not generally receive tax deductible contributions—of a reporting requirement. The affected tax-exempt... continue reading

MTRS Issues Final GASB 68 Report, Providing Charter Schools with Their Portion of Pension Expense and Revenue

AAFCPAs would like to make Massachusetts Charter School clients aware that the Massachusetts Teachers’ Retirement System (MTRS) has issued its GASB 68 “Schedule of Nonemployer Allocations and Schedule of Collective Pension Amounts” report for the year ended June 30, 2017. The Schedules are available here. >> AAFCPAs reminds clients, per Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions, employers in a special funding situation... continue reading

AAFCPAs to Present Educational Workshop for Board Fiduciaries at National Charter Schools Conference in Austin, TX

AAFCPAs has been selected to present an educational workshop on Training Your Board to be Better Fiduciaries at the National Charter Schools Conference in Austin, Texas, June 17-20. This is a must-attend conference for charter school teachers, leaders, board members, and advocates, providing exceptional professional development programming and networking opportunities for over 4,500 charter school professionals from across the country. Training Your Board to be Better Fiduciaries AAFCPAs Partner John Buckley,... continue reading

AAFCPAs Best Practice Recommendations for Complying with DESE, and Managing Board and Management Conflicts of Interests

The Massachusetts Department of Elementary and Secondary Education (DESE) Office of Charter Schools’ Charter School Audit Guide (the Guide) includes compliance requirements relating to the review and assessment of related party disclosures.  Now that DESE has moved to an online management system for the collection of conflict of interest forms from members of a School’s Boards of Trustees, the Guide no longer requires auditors to specifically review these conflict of... continue reading

AAFCPAs to Present Three Educational Sessions at National Business Officers Association (NBOA) Conference for Independent Schools

AAFCPAs has been selected again to present educational workshops on three important topics at the National Business Officers Association’s (NBOA) 2018 Annual Meeting in Nashville, TN on March 4 – 7.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent school professionals from across the country. Training Your Board to be Better Fiduciaries AAFCPAs Partner... continue reading

AAFCPAs Recommends MA Charter Schools Revisit Their Credit Card Policies for Clarity in Light of New DESE Standards

The Massachusetts Department of Elementary and Secondary Education (DESE) Office of Charter Schools recently announced that, effective in fiscal year 2018, the Charter School Audit Guide will require auditors to determine if the school operates in accordance with its credit card policy. AAFCPAs recommends, accordingly, that at this time each charter school client review its current credit card policy for clarity, ensure it provides for adequate controls, and that the... continue reading

AAFCPAs to Present Educational Workshop on Mitigating Fraud Risks for National Business Officers

AAFCPAs’ John Buckley, CPA, CGMA, along with AAFCPAs’ client Cynthia Fanikos, Chief Financial Officer, Saint John’s Preparatory School (Danvers,MA), will present an educational workshop titled “An Inside Job: Safeguarding Schools by Assessing and Mitigating Fraud Risks with Internal Controls and Cyber Security.” This session is part of the National Business Officers Association’s (NBOA) Business Office NOW: East program, scheduled for November 15-16, 2017 in Boston, MA. Enterprise risk management is not only... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading