Author Archives for Amy Bucklin

Challenges in Auditing* GIK

December 4, 2018 1:22 pm Published by Leave your thoughts

Assessing a nonprofit’s policies and procedures related to valuing material gift-in-kind (GIK) transactions is an important part of an NFP audit*. Because there is no single source of pricing that is appropriate for valuing GIK donations, it falls on the NFP to arrive at an appropriate estimate of fair value. Here are some key considerations.