Redpath Insights

Cathy Lydon, CPA

Cathy Lydon, CPA
Cathy Lydon is a director and leads the not-for-profit and governmental industry team at Redpath and Company. She has been in public accounting since 2004 and specializes in working with not-for-profit organizations. Cathy has extensive experience performing financial audits and Federal single audits in accordance with Uniform Guidance. Her audit experience also includes governmental entities, charter schools, healthcare, DEED Extended Employment Program Compliance audits, and employee benefit plan audits. Cathy has been a member of the Redpath team since 2008. Cathy is a holder of The Advanced Single Audit Certificate issued by the AICPA. The Advanced Single Audit Certificate requires the ability to evaluate and analyze the core concepts related to client acceptance, engagement planning, engagement analysis, concluding an engagement, and guiding principles for single audits at an advanced level as outlined in the AICPA Competency Framework: Governmental Auditing. Relevant continuing professional education includes the annual AICPA Not-for-Profit Industry Conference and the annual MNCPA Not-for-Profit Conference.

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Recent Posts

What MN Nonprofits Need to Know About Unemployment Claims Right Now

April 29, 2021 - Employers across the country saw a dramatic surge in unemployment due to the COVID-19 pandemic and nonprofits were not spared, with around 40% of nonprofit employees filing unemployment claims as of a November 2020 report from...

What Nonprofits Can Do to Recover from the Coronavirus Crisis

May 13, 2020 - As states begin to allow businesses to open and employees return to work, there is a mix of optimism and concern regarding employee safety and the health of the economy. Nonprofits are no different. Many nonprofits nationwide have...

Resources to Help Nonprofit Leaders Navigate the COVID-19 Crisis

April 10, 2020 - Health experts are predicting the next two weeks will be the most difficult stretch in time during the COVID-19 crisis in the United States. For many nonprofit organizations struggling to provide assistance to their clients,...

The Minnesota Disaster Recovery Fund and the Novel Coronavirus

March 19, 2020 - The Saint Paul and Minnesota Foundation has established a donation site to collect and redistribute funds to be allocated for coronavirus response efforts by the nonprofit community in Minnesota.

Is Your Not-for-Profit Preparing for the FASB Accounting Standards Update?

October 26, 2017 โ€” In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, which has far-reaching implications for not-for-profit organizations. The FASB believes that the complexity of...

Are You a Nonprofit? Letโ€™s Talk About Fraud Mitigation

October 17, 2017 โ€” Fraud. It comes in many forms, and some firms, organizations, and institutions are more vulnerable than others. Nonprofits can be some of the most susceptible organizations, as they are often not implementing fraud mitigation...

Uniform Guidance: Procurement Grace Period

September 20, 2016 โ€” You probably know that the new Uniform Guidance over federal programs allows for a two year grace period for implementation of the new procurement requirements.  However, we are finding that many entities do not know that...