Learning Center

Independent Audit in Action: SDA Examines Broward County Public Schools’ Referendum Spending

Accounting and Auditing Update (PPC) / By S. Davis & Associates

An independent audit conducted by S. Davis & Associates for Broward County Public Schools found that voter-approved referendum funds were largely spent as intended, while identifying opportunities to strengthen transparency and financial oversight. Featured in the South Florida Sun Sentinel, the findings highlight the critical role of independent auditing in promoting accountability and responsible stewardship of public resources.

Southern Poverty Law Center Indictment: What Nonprofits Can Learn About Donor Transparency and Financial Controls

Nonprofit Update (PPC) / By S. Davis & Associates

A federal criminal case involving the Southern Poverty Law Center is raising important questions about donor transparency, confidential programs, financial controls, and nonprofit governance. As the case continues, nonprofit leaders can draw valuable lessons about documenting sensitive activities, communicating with donors, and maintaining strong financial oversight.

Missing One Sentence Can Cost a Charitable Deduction: Lessons from Wells v. Commissioner

Nonprofit Update (PPC) / By S. Davis & Associates

A recent Tax Court case shows how one missing statement can jeopardize a multimillion-dollar charitable deduction. Learn what Wells v. Commissioner teaches donors and nonprofits about contemporaneous written acknowledgments, noncash gifts, Form 8283, and other charitable contribution substantiation requirements.

GAO Quality Management FAQ: What Yellow Book Audit Organizations Need to Know

Nonprofit Update (PPC) / By S. Davis & Associates

The GAO has released new FAQs to help audit organizations establish and maintain effective systems of quality management under the 2024 Yellow Book. The guidance addresses risk assessment, monitoring and remediation, engagement quality reviews, and important upcoming evaluation requirements.

How Nonprofits Can Budget Effectively and Efficiently: A Practical Guide

Nonprofit Update (PPC) / By S. Davis & Associates

An effective nonprofit budget is more than a financial forecast. It is a management and governance tool that helps organizations align resources with their mission, plan for revenue and expenses, monitor performance, and prepare for changing financial conditions. This guide explores when to budget, how to build one, and why regular reforecasting matters.