PBMares Accounting Blog

Robin Lam, CPA

Recent Posts

The Importance of a Nonprofit Audit Committee

Posted by Robin Lam, CPA on Apr 2, 2018 10:05:25 AM

Transparency and accuracy of a nonprofit’s financial statements has become even more vital over the years.  Having an audit committee should be essential part of the governance structure for nonprofits. It not only enhances the Board’s oversight over the annual audit, but it will also will add another layer of oversight in your nonprofit.

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Topics: Not-for-Profits

Consolidations Clarification ASU 2017-02

Posted by Robin Lam, CPA on Oct 9, 2017 10:52:52 AM

ASU 2017-02  was issued in January 2017 by the FASB to clarify when a not-for-profit entity (NFP) that is a general partner or limited partner should consolidate a for-profit limited partnership or similar legal entity. 

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Topics: Not-for-Profits