John Buckley

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Update Debt Disclosures in Compliance with GASB-88

Update Debt Disclosures in Compliance with GASB-88

AAFCPAs would like to remind clients and friends that, in April 2018 the Government Accounting Standards Board (GASB) issued Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements. This standard is applicable for entities following governmental accounting standards, including AAFCPAs’ Charter School clients in Massachusetts and New Jersey, as well […]

Educational Podcast: Anticipating the Fraudster

Educational Podcast: Anticipating the Fraudster

Listen to Podcasts:   Unfortunately, today we all need to think like a fraudster. As auditors, we are charged with identifying weaknesses in internal controls that pose risks for fraud, including theft or misstatement of financial results. As a result, we make recommendations to management to enhance controls to mitigate the opportunity for fraud. However, […]

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

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 […]

Guidance on How UG Procurement Standards Affect Charter Schools

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 […]

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

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 […]

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

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) […]

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

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 […]

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

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 […]

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

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 […]