Compliance/Regulatory Oversight

Digesh Patel’s Article Featured on Cover of NJAC Newsletter

Are You Complying with the New Procurement Standards Under Uniform Guidance? For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took…

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6 Challenges Nonprofit Executives are Facing

To better understand what is keeping nonprofit executives up at night, Abila – a leading software provider to nonprofit organizations – surveyed 414 finance professionals who currently work for a…

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Are You Complying With New Procurement Standards Under Uniform Guidance?

For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took effect with fiscal years that began after December 26, 2014. Procurement…

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HMDA – Get It Right! The New Rules

The Home Mortgage Disclosure Act (HMDA)/Regulation C remains one of the top three most commonly cited laws by regulatory agencies. In 2010, Congress amended HMDA in the Dodd-Frank Act, which…

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Same-Day ACH Goes Live

In today’s ever-changing world, everything is moving faster, including Automated Clearing House (ACH) transactions, i.e., electronic payments. As you may be aware, effective September 23, 2016, the National Automated Clearinghouse…

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Prevent Fraud With Stronger Consumer Profiling

When we hear the word fraud, our own personal ideas and experiences about it usually come to mind. An official definition of fraud as published by the Institute of Internal…

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Is Your Nonprofit Addressing the New Cost Principle Reforms?

It’s not too late to get up to speed on new federal and state cost principles and other requirements for your federal and New Jersey grants. As you may be…

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IRS Outlines Exempt Organization’s 2016 Priorities

The IRS Tax Exempt and Governmental Entities Division recently issued their 2016 priorities. Exempt Organizations (EO’s) overarching compliance strategy is to ensure organizations enjoying tax-exempt status comply with the requirements…

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Impact of New Flood Insurance – What You Need to Know

The National Flood Insurance Act of 1968 and Flood Disaster Protection Act of 1973 (FDPA), as amended, govern the National Flood Insurance Program (NFIP). Among other things, these statutes require…

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Are You Ready for TRID?

Effective October 3rd, 2015, creditors will be required to comply with the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures Rule, also known as the TRID Rule. As with any…

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