Hui-Ting Grady
Upcoming Increase in Single Audit or Program-Specific Audit Thresholds
For audits of fiscal years beginning on or after October 1, 2024, the Office of Management and Budget (OMB) will raise the threshold for requiring...
Blog
Hui-Ting Grady
Hui-Ting Grady
Featured
OMB Releases Uniform Guidance Revisions
AAFCPAs would like to make clients aware that the Office of Management and Budget (OMB) released updates to its Uniform Guidance in April 2024. Updates...
Growth Story
Employee Spotlight: Audit Practice
At AAFCPAs, our people are our greatest asset. We are delighted to spotlight five exceptional AAFCPAs team members for their contributions over the years and...
Hui-Ting Grady
MA UFR Extensions Must Be Submitted On the OSD website
AAFCPAs would like to make Human & Social Services clients aware that effective June 30, 2022, the Massachusetts Operational Services Division (OSD) will no longer...
Financial Accounting Standards Board (FASB)
Changes to In-kind Donation Disclosures for Nonprofits
AAFCPAs would like to make nonprofit clients and donors aware that the Financial Accounting Standards Board (FASB) has recently issued an Accounting Standards Update (ASU)...
Hui-Ting Grady
FASB Proposes Lease Standard Delay, Issues Pandemic Concessions FAQs
The Financial Accounting Standards Board (FASB) on April 8, 2020 issued a proposal to defer the effective date for ASU 2016-02, Leases, and all subsequent...
Hui-Ting Grady
Will Paycheck Protection Program Loans Be Subject to Uniform Guidance for Nonprofit Organizations?
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes many provisions that are applicable to nonprofit organizations. One of the provisions is the...
About AAFCPAs
AAFCPAs’ Hui-Ting Grady, CPA, MBA Earns Advanced Single Audit Certificate
AAFCPAs Assurance Manager Hui-Ting Grady, CPA, MBA is now among an elite group of CPAs in the country who have earned the Advanced Single Audit...
Nonprofit
Accounting Considerations for Nonprofits with Donor Advised Funds (DAF)
It has been reported recently that charitable giving had its largest decline since the 2008-2009 financial crisis, citing circumstances such as 2018 tax law changes...
