Mahnaz Cavalluzzi

Finding the Best Fit: Hiring an Outsourced or Internal Accountant for Your Non-Profit

Non-profit organizations operate under a unique set of financial regulations and accounting standards, making it imperative to hire an accountant who is well-versed in non-profit accounting. Whether you decide to hire an outsourced accountant or bring an accountant...

NFP Update 2024 Part III Track B: Fundraising Panel

2024 Nonprofit Update Part III Track B Fundraising Panel Cerini & Associates, LLP, a leader in providing accounting, auditing, and consulting services to nonprofits, held their virtual 2024 annual Nonprofit Update conference on July 27, 2024. The world continues...

Contribution Accounting for Recognizing Nonprofit Revenue

Nonprofit organizations often receive financial support from donors, foundations, government agencies, and other entities in the form of contributions and grants. Accounting for these transactions can be challenging, as they may involve complex terms and conditions that affect the timing and amount of revenue recognition.

How to Account for Joint Costs in Nonprofit Organizations

A guide to applying the accounting standards for activities that include both program and fundraising components. What are joint costs and why are they important? Joint costs are the costs of conducting activities that have more than one purpose or function, such as...

Defined Contribution Plan Audit Requirements: 2024 Update

For plan years beginning on or after January 1, 2023, The United States Department of Labor (DOL), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation have announced changes to the form 5500 which impact the methodology for determining the size of...

Navigating the Future: Key Fundraising Trends Shaping Nonprofits in 2024

As we embark on the journey through 2024, nonprofits are faced with an ever-evolving fundraising landscape, marked by dynamic shifts and emerging trends. In addition to the previously discussed strategies, several other factors will play a crucial role in shaping the...

FOR IMMEDIATE RELEASE: Cerini & Associates, LLP Announces Key Promotions to Drive Continued Growth and Excellence

Cerini & Associates, LLP Announces Key Promotions to Drive Continued Growth and ExcellenceContact: Kelli-Anne CeriniMarketing ManagerCerini & Associates, LLPP: 631-582-1600 ext. 401E: [email protected], NY – January 16, 2024 – Cerini & Associates,...

Nonprofit Collaboration

Collaboration is a powerful tool that can help nonprofit organizations achieve their goals and make a real impact in the communities they serve. Nonprofits that collaborate effectively can share resources, knowledge, and expertise, and build strong relationships with...

Preparing for a DOL Audit

With the Department of Labor (“DOL”)’s recent expansion of audits of employee benefit plans it’s important to consider the various factors that may trigger an audit and whether or not your organization is at risk. While some plans are chosen at random, factors that...

Board Training Webinar – Part III

Matthew Burke and Mahnaz Cavalluzzi held an informative webinar on Board training. In this Webinar they covered: – Fiscal ViabilityABOUT OUR SPEAKERS Matthew Burke PartnerMatt specializes in providing Cerini and Associates’ diverse array of midsized business clientele...

Board Training Webinar – Part III

Matthew Burke and Mahnaz Cavalluzzi held an informative webinar on Board training. In this Webinar they covered: – Fiscal ViabilityABOUT OUR SPEAKERS Matthew Burke PartnerMatt specializes in providing Cerini and Associates’ diverse array of midsized business clientele...

read more

Key Audit Matters (KAMs)

As part of audit engagements, auditors may be engaged to report on Key Audit Matters (KAMs). The purpose of communicating KAMs is to provide greater transparency about the audit that was performed and to provide financial statement users with a basis to further engage...

read more

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established to aid venues, performing arts centers, museum operators, movie theaters, and similar organizations affected by the COVID-19 pandemic. This program includes over $16 billion to be distributed by the...

read more

OPWDD: Day Service Retainer Program

Effective April 16, 2020 OPWDD has implemented a new retainer program for providers of Day Habilitation, Prevocational Services, and Community Habilitation. This new program replaces the retainer payments available through April 15, 2020 for Day Habilitation and...

read more

OPWDD COVID-19 Update As of March 25, 2020

OPWDD providers are considered essential and should continue providing services to the best of their ability while practicing alternative treatments and procedures to protect the health and safety of the individuals they support, their families, and their staff. In...

read more
2018 Global Study on Occupational Fraud and Abuse

2018 Global Study on Occupational Fraud and Abuse

Introduction Occupational fraud is fraud committed against an organization by its own officers, directors, or employees. This type of fraud is the most prevalent type of fraud against an organization and its assets. Data gathered shows that occupational fraud occurred...

read more