article thumbnail

Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Quality Control and Peer Review : The AICPA promotes quality control within the accounting profession through initiatives such as the Peer Review Program to ensure compliance with professional standards and regulatory requirements.

article thumbnail

7 Essentials Of Nonprofit Financial Management

The Charity CFO

When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). This can be achieved by conducting periodic internal audits, appointing a CFO or finance officer to oversee the financial health of your organization, and adhering to GAAP best practices in nonprofit accounting.