Treasury Dept CDFI Fund to Require Non-Profit Financial Audits Not Reviews, by Shannon Allen
The Department of Treasury’s, Community Development Financial Institutions (“CDFI”) Fund seeks comment on an interim rule requiring non-profit CDFI Fund awardees to submit audited (not merely reviewed) financial statements as part of their annual report to the CDFI Fund. Empowering individuals, “unleashing the economic potential of small businesses,” establishing affordable housing, creating employment opportunities, and […]