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Nonprofit Issues Newsletter, December 2024
December 16, 2024 – Key considerations and best practices around determining worker classifications, reporting internal audit results to an institution’s board, implementing the new cryptocurrency accounting standards, and more.
Reporting Internal Audit Results to Your Institution’s Board
December 16, 2024 – An essential last step in the internal audit process at a higher education institution is reporting the results to the board. These recommendations and examples can help you develop a clear, effective internal audit report and presentation.
Why Nonprofits Need to Be Aware of New Crypto Accounting Standards
December 16, 2024 – By accepting cryptocurrency donations, nonprofit leaders can tap into a new revenue stream and expand their donor base, but they need to be aware of how their organization is recording crypto assets on their balance sheets.
Top Seven Nov./Dec. 2024 Announcements for Higher Education Institutions
December 11, 2024 – Our summary of the top higher education announcements in November and December covers the due date for FISAP changes and corrections, 2024-2025 FSA Assessments, FAFSA updates, and more.
Department of Labor Overtime Rule Blocked by U.S. District Court
November 18, 2024 – A federal judge in Texas has overturned the recent changes to the U.S. Department of Labor’s (DOL) overtime rule, nullifying the exempt employee status salary threshold rule nationwide.