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The Evolving Role of the Audit Committee
Posted by Kristen Shepley on Fri, Mar 9, 2012 @ 10:11 AM

Assuring Good Governance

A decade ago most in business thought the Sarbanes-Oxley Act of 2002 (SOX) would barely impact not-for-profit organizations beyond whistleblower and record-retention policies. Audit committees at the time were typically formalities that existed primarily to interact with the outside auditor, not to help guide the business on a strategic level.

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Topics: COSO, non-for-profit, audit, Audit Committee

Department of Education Unveils Key Financial Aid Changes, Helpful Tools for Administrators
Posted by Jon Dorant on Fri, Mar 9, 2012 @ 10:02 AM
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Topics: compliance, Department of Education, Federal Student Aid administration, satisfactory academic progress, FSA Assessment

IRS' Exempt Organization Division Outlines Ambitious 2012 Work Plan
Posted by Joe Giso on Fri, Mar 9, 2012 @ 09:45 AM

The IRS’ Exempt Organization Division (EO) released its work plan for FY 2012, a comprehensive plan that touches upon areas from Form 990 compliance to employment-tax research. According to the IRS, these efforts are in addition to the division’s permanent determinations and examinations responsibilities.

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Topics: tax-exempt, IRS, Form 990, Exempt Organization Division

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