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Federal Single Audits: The Top 7 Findings

The Charity CFO

When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. Below, we break down the top audit findings and what nonprofits need to know to stay compliant. Make sure your documentation is complete.

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Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma

CFO Talks

Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma In the latest episode of CFO Club Conversations , we had the privilege of speaking with Innocent Gumbochuma, Chief Financial Officer of the South African Qualifications Authority (SAQA) and the 2024 Public Sector CFO of the Year.

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Identifying and Overcoming Ethical Dilemmas in Business 

CFO Talks

Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. As a CFO your influence extends beyond financial reports and budgets. Escalate concerns to the audit committee or external advisors if internal discussions don’t resolve the issue.

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Interim CFO Consulting: When to Hire Interim Leadership

E78 Partners

Adequate financial leadership has never been more critical to today’s market. Whether navigating a leadership gap, managing complex financial transactions, or steering through a period of growth or crisis, a transitional Chief Financial Officer provides the necessary insights and support to ensure financial stability.

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The Charity CFO Financial Blueprint: What the Best-Run Nonprofits Have in Common

The Charity CFO

Its not just about clean books or audit prep. The organizations that thrive have a shared commitment to financial discipline, strong internal controls, and strategic leadership. FINANCIAL GOAL SETTING Without clear goals, even the most passionate nonprofits can struggle financially. If so, whenand how?

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Nonprofit Fraud: And What an Audit Won’t Catch

The Charity CFO

Its the trusted employees padding expense reports, the volunteer quietly redirecting donations, the longtime bookkeeper creating fake vendors. And heres the real kicker: audits dont catch most of it. Why Audits Wont Save You “The easiest way to steal? Surprise financial reviews are another essential safeguard.

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Top 5 Signs Your Accounting Is a Mess (And How to Fix It)

The Charity CFO

Principle #9: Monthly Reconciliations & Reports The accounting team should close the books monthly, ensuring that all statement of financial position accounts are reconciled. Monthly financial reports should be shared with leadership on a consistent timeline. Youre playing with fire. Get the free guide!