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About the author: Sibi Thomas, CPA, CFE, CGMA, is an audit partner at Marks Paneth LLP. Sibi plans, coordinates, and conducts audits of nonprofit organizations. Sibi can be reached at sthomas@markspaneth.com. CPA, CFE, CGMA, MBA
May 19, 2021
The American Institute of Certified Public Accountants has proposed three new standards on quality management for CPA Firms at the Firm and engagement levels. The proposed standards bring essential changes to the way firms oversee the quality of the ...
July 21, 2017
To avoid financial problems or the failure of a nonprofit, it is imperative to monitor the organization’s financial health - by employing good corporate governance. Governance is defined as the process of providing strategic leadership and exercising ...
July 21, 2017
Many people consider a position on a nonprofit board a recognition of their financial contributions and other efforts to support the organization. But it goes well beyond that. One of the main fiduciary responsibilities of a board member is helping ...
