Nonprofit organizations must disclose liquidity information to provide stakeholders with a clear view of their ability to meet obligations. This guide covers qualitative and quantitative disclosure options under GAAP, common presentation methods, and best practices to enhance transparency and compliance.
The 2026 edition of PPC’s Nonprofit Financial Illustrations and Trends (Nonprofit Trends) is now in development, and contributors are invited to participate by submitting nonprofit financial statements. This initiative helps provide real-world examples that support nonprofit professionals, auditors, and accountants in understanding evolving reporting practices—especially as new accounting standards continue to reshape financial disclosures. Why …
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Effective communication between auditors and audit committees is essential for strong nonprofit governance. However, many audit committee presentations fail to deliver meaningful insights, leaving members overwhelmed with data rather than equipped with understanding. Under Generally Accepted Auditing Standards (GAAS), auditors are required to communicate key audit matters clearly to those charged with governance. Yet, compliance …
Many nonprofit organizations assume that the Foreign Agents Registration Act applies only to political operatives or foreign lobbyists. In reality, the law can apply to routine nonprofit activities such as grantmaking, conferences, partnerships, and international collaboration. As enforcement efforts increase and regulatory scrutiny expands, nonprofits must reassess whether their activities could trigger registration requirements under …
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