Confused by tax jargon and audit terminology? Check out our new video series, Accounting for Non-Accountants! Emily and Abby will help you break down the current accounting trends and concepts that may apply to you, your business, or non-profit organization. See their first video below, and stay tuned for next month’s video as they tackle the Wayfair topic.
Internal Controls Over Activities Allowed and Allowable Costs
Organizations may be subject to the Uniform Guidance requirements, also known as a Single Audit, if they expend more than the threshold federal awards in a year. The threshold is