Insights
If you listen to public radio, you have probably heard an announcement that programming is supported by an organization such as the Jane Doe Private Foundation or the Smith Family Foundation. If, on the other hand, you have personally made a donation to support public radio, you have donated to a public charity. What is…
Read MoreLisset Anderson is a Supervisor in Client Services and has been a member of the R&A team since 2018. Lisset supports R&A’s clients, responding to questions, and ensuring client satisfaction. Her strong work ethic and approachable style make her a trusted resource for clients and colleagues alike. Lisset obtained a degree in Mass Communication and…
Read MoreFirst, there was the Fraud Triangle. Then came the Fraud Diamond. David Wolfe and Dana Hermanson, the authors of “The Fraud Diamond: Considering the Four Elements of Fraud” (2004), created the Fraud Diamond to better explain how fraud is occurring. Pressure, opportunity, and rationalization aren’t enough without someone who has the ability to exploit them.…
Read MoreThe Fraud Diamond
First, there was the Fraud Triangle. Then came the Fraud Diamond. David Wolfe and Dana Hermanson, the authors of “The Fraud Diamond: Considering the Four Elements of Fraud” (2004), created the Fraud Diamond to better explain how fraud is occurring. Pressure, opportunity, and rationalization aren’t enough without someone who has the ability to exploit them.…
Employee Gift Matching Programs: Benefits and How-Tos
Employee gift matching is a powerful philanthropic strategy that involves companies pledging to match the charitable contributions their employees make to non-profit organizations. General Electric created the first known gift matching program in 1954 and now matches more than $35 million in charitable donations each year. Microsoft has donated more than $1 billion since rolling…
Understanding the Rising Threat of Deepfake Fraud
Fake or doctored images appear all over the internet and on our phone and computer apps these days. Some are harmless and entertaining. See how you will look as you age! How would you look with bunny ears and whiskers or maybe claws and fangs? Unfortunately, criminals are increasingly using generative artificial intelligence to mimic…
Strengthening the Foundation: A CFO’s Perspective on the Importance of Internal Controls
In our article last month, “Why More Businesses are Turning to Fractional CFO Services,” we shared that many growing businesses lack the sophisticated financial controls and systems that are needed to manage the complexities of scaling operations. Implementing and refining financial systems, processes, and reporting structures ensures accurate, real-time insight into a business’s financial health.…
Navigating Financial Complexity in Construction: Strategies for Cash Flow, Cost Control, and Long-Term Profitability
Construction professionals operate in one of the most financially complex industries, where managing cash flow and cost control from job to job creates fluctuating liquidity patterns unlike any other sector. When combined with rising material costs, labor shortages, and economic uncertainty, strategic financial management becomes essential to avoid fallout and to protect long-term profitability. Fortunately,…
How to Read a Not-For-Profit Tax Return (Even if you are not a tax professional) Part II
In a way, IRS Form 990 consists of two separate tax returns. The first is the “numbers” section (discussed in part I of this article) where organizations report their income and expenses for the year. In the second, organizations report how they comply with the many federal rules and regulations that govern the existence of…
Meet Jessica Nutbrown: Client Accounting Services Supervisor
Jessica Nutbrown is a Supervisor in our Client Accounting Services department and has been a member of the R&A team for four years. In her role, she supports a variety of clients with their accounting needs, helping them stay organized, informed, and confident in their financial operations. Her strong work ethic and approachable style make…
Top 10 Cybersecurity Practices Every Business Needs to Stay Ahead of Threats
As businesses become increasingly reliant on digital technologies to run their operations, cyber-related attacks have taken a quantum leap in both number and sophistication, threatening to derail continuity and create long-term impact. According to Microsoft’s Digital Defense Report, 600 million cyberattacks occur around the globe every day. A single breach can devastate not only a…