Assurance

Can I Use My Endowment As Collateral?

By |2019-04-01T13:30:06-05:00March 13th, 2019|Assurance, Board, Budget, Cash Flow, Gifts, Nonprofit|

Organizations looking to expand their programs sometimes need to obtain bank financing for large projects such as the acquisition of a building. Depending upon the financing received, collateral is often a necessary piece of closing the deal. For organizations with large endowments, the question may come up as to whether the organization may use the [...]

Do You Really Need An Audit?

By |2019-04-18T12:06:47-05:00February 6th, 2019|Assurance, Board, Compliance, Internal Control, Nonprofit|

For those of you that go through an audit each year, you know how costly and time consuming they can be. You may have wondered, “Do I really need an audit? Is there something else that I can do to satisfy my financial reporting requirements?” To accurately answer those questions, you first need to understand [...]

Decoding the Nonprofit Financial Lingo: Statement of Financial Position

By |2019-03-29T13:10:41-05:00January 23rd, 2019|Accounting, Advisory, Assurance, Cash Flow, Nonprofit, Tips|

Have you ever attended a presentation of financial information and not been familiar with the jargon the presenter was using? Have you been uncertain whether you are the only one with questions? Maybe you’re the accountant or treasurer for your organization and you’re met with blank stares? Nonprofits have their own set of financial terminology [...]

Preparing for a Successful Audit

By |2017-10-06T16:57:18-05:00August 31st, 2017|Assurance, Nonprofit, Preparation|

Dan Montgomery, CPA and Senior Assurance Associate at TD&T, explains what an audit entails and why audits are important.  With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities and employee benefit plans.  Dan is a member of the American Institute of Certified Public Accountants and the Iowa Society of [...]

What is an Audit and Why Do I Need One?

By |2017-07-16T13:51:35-05:00May 25th, 2017|Assurance, Nonprofit|

Dan Montgomery, a CPA and Senior Assurance Associate at TD&T, explains what an audit entails and why audits are important.  With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities and employee benefit plans.  Dan is a member of the American Institute of Certified Public Accountants and the Iowa Society [...]