VIDEO Q&A for Subscribers: January 2026

Ben and Mike answer questions from subscribers about the pros and cons of receiving a modified audit opinion vs. delaying completion of the audit, whether the Board of a membership organization owe fiduciary duties to the members or to the mission, the use of non-disparagement language in severance agreements, and how better understand an organization's finances.

PREVIEW SHORTER CLIP:

FULL 30-MINUTE VIDEO:

CHAPTERS

00:00 - Intro

00:39 - Whether to delay an audit vs. receiving a modified opinion

09:59 - Whether fiduciary duties owed to the members or to the mission

15:58 - Use of non-disparagement language in severance agreements

22:45 - How to better understand an nonprofit's finances before taking a job with the organization

FURTHER READING:

Always Add Written Management Responses When There Are Audit Findings

Video Podcast: Common Nonprofit Fiduciary Duty Issues

Three Steps to Simplify Monitoring the Balance Sheet

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TEMPLATE: Board Confidentiality Policy [SUBSCRIBERS-ONLY]

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Q&A #180 – Does Form 1099 reporting use cash basis or accrual basis?