Author: Mary Campagnolo

How Closely are You Monitoring Your Third-Party Service Providers?

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In May 2013, the Committee of Sponsoring Organizations (COSO) released the updated Integrated Internal Control Framework which is effective for fiscal years beginning after December 15, 2014. Although the definition of internal control and the five overarching components of internal control remain intact, the revised guidance focuses on these key areas:

Enhanced expectations […]

The Nonprofit Finance Department of the Future

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The Nonprofit Finance Department of the Future
The nonprofit finance department of the future is mobile, agile, and insightful. The nonprofit finance department of the future has arrived today.
The continued evolution of cloud based software tools has created an unparalleled opportunity for nonprofit organizations to better leverage staff through creating efficiency by reducing reliance on manual […]

T&T Welcomes Three New Hires

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Tate & Tryon is pleased to announce the addition of three new hires to our team:
 Stephanie Collins, CPA, Senior Auditor
Stephanie Collins recently joined our audit department as a Senior Auditor.  Stephanie obtained her BS and MS in Accounting from the College of William and Mary.  Most recently, Stephanie worked for Grant Thornton as an Audit […]

Is Your Organization Ready for Its Year-End Audit?

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As the end of the year approaches, many organizations are in the process of preparing for their year end audits. By now, your auditor has contacted you to discuss the nature, timing, and extent of the work to be performed, which included an upfront planning meeting to address any significant events and transactions that occurred […]

The 1, 2, 3’s of Hiring a CFO

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The key to success in any hiring process is finding the right fit between your organization’s needs, culture and leadership and an individual’s skills, interests, and personality. The search for the right senior-level financial manager is no exception. Nonprofit organizations need to be clear about what type of role they want the senior-level financial manager […]

Establishing Effective Internal Communications

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Who told you about that new program? Who signed that agreement and was the CFO involved to determine any potential impacts on financial reporting?  I didn’t know that we were holding our 2016 convention in Orlando, did you?  These are all questions that can result from the lack of an effective internal communications plan.
Most organizations […]

How Does Charity Navigator Rate Your Organization?

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“It takes many good deeds to build a good reputation, and only one bad one to lose it.” This quote from Benjamin Franklin, like many of our founding fathers’ observations, is perhaps more relevant now than when first spoken over 230 years ago.  Financial mismanagement and a lack of fiduciary responsibility by some nonprofit boards […]

Are You PCI Compliant? If you take credit card payments you’d better be

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The Payment Card Industry Data Security Standard (PCI DSS) was designed to ensure that any organization that processes, stores or transmits credit card information does so in a secure environment. In order to keep pace with changing environments and technology, the standards have moved from a two year lifecycle to a three year lifecycle, thus […]

Credit Card Data Security Is Important and Easier Than You Think

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By: Susan E. Colladay, CPA, Partner
Your members or donors regularly provide their credit card information in order to pay their membership dues, contributions, registration fees, etc. The credit card information is entrusted to your organization by your members or donors.  Furthermore, the credit card companies expect you to protect the credit card data from theft […]

A Board-approved Policy Manual – The Stitch in Time that Saves Nine

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Change management is not a particularly exciting topic; it lacks the “Gee Whiz” attributes of a major new IT project or an ingenious new program offering. Indeed, many nonprofit executives view the process with as much excitement as planning their own funeral.
However, from an administrative perspective, the lack of transition planning can prove to be […]

The Right Size, Right Fit