Dec 12, 2022 | Advisory, Audit, Blog
It might be time for your company to upgrade (or downgrade) its level of assurance. Most organizations hire a CPA to issue financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP), but not all financial statements are created equal....
Sep 19, 2022 | Advisory, Audit, Blog
Check those checks closely. Although debit cards, electronic funds transfers, and other high-tech ways of moving and paying money have become popular, check fraud remains a risk for businesses and other organizations. According to the most recent fraud survey by the...
Jan 20, 2022 | Advisory, Audit, Benefit Plans, Blog
Receiving a notice that the IRS is auditing an employee benefit plan is news that no employer wants to receive. If your company does get such a notice, knowing what to expect and preparing for the audit itself are the best ways to help the process go as...
Nov 19, 2021 | Accounting, Audit, Blog, Nonprofit
Through the pandemic, electronic payment methods gained additional attention and became increasingly popular. Electronic payments offer convenience and time savings advantages, but they also present challenges such as security concerns and internal opportunities to...
Jul 26, 2021 | Advisory, Audit, Blog, Nonprofit
Audits have become more important due to increased public and government scrutiny of not-for-profit organizations, their management, and their boards. Audits not only provide you with a fair assessment of your organization’s financial health, but also can reveal...
Jun 17, 2021 | Advisory, Audit, Blog, Nonprofit Insights
Last September, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 regarding the disclosure and presentation of contributed nonfinancial assets. The update seeks to increase transparency about how these types of assets are...
