Ensuring Nonprofit Grant Compliance Under the Stimulus Package

By Joseph J. Kanjamala |  John D'Amico  |  May 7, 2020

In a recent article published by Nonprofit PRO, Joseph Kanjamala, Partner in Mark Paneth’s Nonprofit Practice, and John D’Amico, Partner in the Professional Standards Group, discuss what it would mean for nonprofits if Paycheck Protection Program loans guaranteed by the Small Business Administration are determined to be federal financial assistance, and therefore subject to a single audit under Uniform Guidance.

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About Joseph J. Kanjamala

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Joseph J. Kanjamala, CPA, CGMA, is a Partner in the Nonprofit, Government & Healthcare Group at Marks Paneth LLP. His responsibilities in this role include designing audit strategies, supervising and training staff, liaising with clients, and providing oversight so that audits are conducted in a timely and cost-effective fashion. During his more than 20 years of public accounting experience, Mr. Kanjamala has developed deep skills in serving nonprofit organizations and has served numerous charitable organizations,... READ MORE +

About John D'Amico

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John D'Amico, CPA, is a Partner within the Professional Standards Group at Marks Paneth LLP, which is responsible for monitoring quality control in the firm as mandated by professional standards. He specializes in pre-issuance reviews and inspections of nonprofit organizations, governments and Single Audits. Mr. D’Amico also provides consultation on accounting and attestation matters and tests and monitors the firm's quality review policies and procedures. He teaches continuing education classes for the firm and on... READ MORE +

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