Beyond the Balance Sheet: The Real Value of a Nonprofit Audit
We get it — “audit” doesn’t exactly spark joy. But for nonprofits, an audit can be a powerful tool for building trust, securing funding, and preparing for the future.
FASB Update Simplifies Credit Loss Calculations for Receivables
In July 2025, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2025-05, which tweaks how businesses estimate credit losses on short-term accounts receivable and contract assets.