Zinner & Co. Blog and Newsroom

8 Keys to Ensure a Smooth Audit

Posted by Zinner & Co. Audit and Assurance Team on Mar 28, 2019 7:42:00 AM

Audits are important. Investors, lenders, government agencies, potential buyers and - in the case of not-for-profit organizations, your donors - rely on audit reports to assess your organization. Audits can be long, arduous, headache-inducing ordeals…but they don’t have to be. Proper preparation can go a long way towards simplifying the audit process.

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Topics: Audit and Assurance Department, audits, non-profit reporting, not-for-profit, internal control

Board Member's Fiduciary and Governance Responsibilities - Board Members' Series (Part 5)

Posted by Chris Valponi, CPA on Feb 19, 2019 6:38:00 AM

Part 5 of a 5 Part Series 

Can board members be held personally liable for actions of the organization? Yes!

Agreeing to sit on a board for a nonprofit is a great way to donate your time and expertise. However, it comes with a great deal of responsibility.

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Topics: non-profits, internal control, fundraising

11 Inventory Control Fast Fixes to Improve Your Bottom Line

Posted by Chris Valponi, CPA on Aug 15, 2017 3:03:43 PM

For many companies, keeping close tabs on revenue, expenses, and profit is the number one priority. However, companies that carry inventory may not realize its direct effect on profitability.  This effect is known as shrinkage.  Shrinkage is the excess amount of inventory (in accounting records) that no longer exists in the actual inventory. In other words, it is a loss of inventory. There are several causes of shrinkage, such as:

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Topics: Audit and Assurance Department, fraud, Chris Valponi, internal control


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