Advisory & Compliance
Advisory and Compliance
In today's complex regulatory environment, not-for-profit organizations face increasingly stringent compliance requirements. KVR.CPA provides expert advisory and compliance services to help you navigate these challenges, allowing you to focus on fulfilling your mission.
Our Advisory and Compliance practice combines deep technical knowledge with practical, hands-on experience to deliver tailored solutions that address your specific needs. We work collaboratively with your team to implement best practices, enhance operational efficiency, and ensure regulatory compliance.
Beyond Compliance: Creating Strategic Value
Our advisory approach goes beyond checkbox compliance. We help you transform regulatory requirements into opportunities for operational improvement, better governance, and strategic advantage.
Management Advisory
Expert guidance for regulatory compliance and operational excellence
Preparation of Federal Indirect Cost Rates
Indirect cost rates are crucial for organizations receiving federal funding, as they determine how much can be recovered for overhead and administrative expenses. Developing and negotiating these rates can be complex and challenging.
Our team provides comprehensive support for:
- Developing indirect cost allocation methodologies
- Preparing indirect cost rate proposals
- Negotiating rates with federal agencies
- Implementing systems to track and manage indirect costs
- Ensuring compliance with federal regulations
Compliance related to implementation of the Uniform Guidance
The Uniform Guidance (2 CFR Part 200) establishes a comprehensive framework for managing federal awards. Navigating these regulations requires specialized knowledge and experience.
Our Uniform Guidance compliance services include:
- Developing compliant policies and procedures
- Implementing procurement standards
- Establishing internal controls
- Preparing for single audits
- Resolving audit findings and questioned costs
- Training staff on compliance requirements
Consulting on the New Lease Standards (ASU 842)
The implementation of Accounting Standards Update (ASU) 842 represents a significant change in how organizations account for leases. This standard requires most leases to be recognized on the balance sheet, increasing transparency but also complexity.
Our ASU 842 implementation services include:
- Comprehensive lease inventory and analysis
- Lease classification and measurement assistance
- Development of accounting policies and procedures
- System implementation support
- Financial statement disclosure preparation
- Staff training on the new requirements
Our Approach to Advisory Services
Assess
We thoroughly evaluate your current processes, systems, and compliance posture to identify gaps and opportunities.
Design
We develop tailored solutions that address your specific needs while ensuring regulatory compliance.
Implement
We work alongside your team to put solutions into practice, ensuring smooth adoption and knowledge transfer.
Our collaborative approach ensures that the solutions we develop not only meet regulatory requirements but also align with your organization's mission and operational realities.
Training & Workshops
Empowering your team with knowledge and skills
Customized Training Solutions
We design and deliver tailored training programs to meet your specific needs and challenges.
KVR.CPA offers training and workshops to clients and not-for-profit professionals whenever a new audit and tax guideline is issued that could have an impact on your organization. Our training programs are designed to be practical, interactive, and immediately applicable to your daily operations.
Our Training Offerings Include:
Practical implementation guidance for new FASB updates
Keeping current with changing federal regulations
Best practices for managing federal and foundation grants
Financial oversight responsibilities for board members
Our training can be delivered in-person or virtually, and can be tailored to various audiences within your organization, from finance staff to executive leadership and board members.
Why Choose KVR.CPA for Advisory & Compliance
Specialized Expertise
Our team consists of professionals who specialize in not-for-profit accounting, compliance, and governance.
Practical Solutions
We deliver actionable insights and practical solutions that can be implemented efficiently and effectively.
Continuous Support
We don't just implement solutions and leave – we provide ongoing support to ensure sustainable compliance.
Industry Relationships
Our strong relationships with regulatory bodies and industry groups keep us at the forefront of emerging issues.
Ready to enhance your compliance and operations?
Contact us today to discuss how our advisory services can help your organization navigate complex regulatory requirements while improving operational efficiency.