Guidelines & Principles E-Learning Series
Financial Management
Mike McFarlin, CPA
August 26, 2014

Download the Slides

Further Reading - General

NAM Wiki: Financial Management

National Council of Nonprofits: Financial Management

Sarbanes-Oxley Act of 2002

Form 990 Guidance

National Council of Nonprofits: 990 Guidance

IRS 990 Homepage

NPCCNY: How to Read the IRS Form 990

Guidestar: 990 FAQ

Compilations, Reviews, Audits

NAM Wiki: Audits, Reviews, Compilations

National Council of Nonprofits: Nonprofit Audit Guide

AICPA: Audit Committee Toolkit Downloads

AICPA: Difference Between Compilation, Review and Audit

About this Session

Join Mike McFarlin, CPA, President of McFarlin & Brokke as we explore nonprofit financial management best practices, finance committees, the IRS Form 990 and demystify the world of audits.

  • What is the role of the finance committee in audits and what is it's relationship to the rest of the board?

  • What can we learn from a 990 and how can we tell part of our organization's story through it?

  • What is the difference between an audit, a compilation and a review?

  • What can an audit find and what can't it?






MICHAEL MCFARLIN, CPA has been president of McFarlin & Brokke since 1992. The company provides services to dozens of nonprofits, and Mike himself has served on the boards of many Omaha non-profit organizations including Omaha Morning Rotary, Visiting Nurse Association, Omaha Home for Boys, and the Omaha Chamber of Commerce. His professional affiliations include the American Institute of Certified Public Accountants, the Nebraska Society of Certified Public Accountants and Senior Partner Network. He passed his Uniform CPA Examination in 1976.


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