How are you handling your nonprofit’s audits? Internal audits are a great way to promote fiscal responsibility, but they’re not always the most reliable. Because the auditor is an employee of the organization with a vested interest, it can be challenging to conduct a neutral analysis. An external auditor, on the other hand, has no […]
Archives for July 2022
Executive Pay and Fringe Benefits: Is Your Compensation Plan Triggering an Audit?
Executive compensation has evolved dramatically in recent years, in terms of creativity, complexity and dollar value. For example, stock options, deferred compensation, fringe benefits and other “non-cash” alternative forms of payment are becoming increasingly popular at business types of all sizes, making up a larger portion of executives’ overall compensation packages. But creativity isn’t fooling […]