{title} icon

Audit and Assurance Articles

 

PCAOB Spotlight: Audit Committee Resource

PCAOB Spotlight: Audit Committee Resource

Posted by Sara Dayton on September 19, 2022

In response to the current global economic environment impacted by supply chain issues, high inflation, geopolitical tensions, increasing use of technology and cyber threats, the Public Company Accounting Oversight Board (PCAOB) has issued a series of questions for audit committees to consider in their engagement with auditors and management regarding their response to related financial reporting and audit risks.

> Read More
OMB Issues the 2022 Compliance Supplement

OMB Issues the 2022 Compliance Supplement

Posted by Sara Dayton on August 18, 2022

On May 12, 2022, the Office of Management and Budget (OMB) issued the 2022 Compliance Supplement (Supplement). The Supplement is effective for fiscal years beginning after June 30, 2021 and can be accessed on the OMB website.

> Read More
Reporting Obligations of Quid Pro Quo

Reporting Obligations of Quid Pro Quo

Posted by Sarah Hopkins on June 06, 2022

Donors may automatically assume they can deduct the full amount of any charitable contribution. But what if your nonprofit provides goods or services in exchange for donations?

> Read More
Implement Auditor Management Letter Recommendations

Implement Auditor Management Letter Recommendations

Posted by Douglas Muth on May 09, 2022

Take your audited financials to the next level by implementing the improvements contained in the management letter.

> Read More
Evaluate and Improve Controls with an Internal Audit

Evaluate and Improve Controls with an Internal Audit

Posted by Sara Dayton on April 22, 2022

Are you making the most of your internal audit team? Don’t let the skills of internal auditors go underutilized at your organization.

> Read More
Reporting Goodwill Under GAAP Standards

Reporting Goodwill Under GAAP Standards

Posted by Max Donlon on April 20, 2022

Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today.

> Read More
Understanding the Accounting of Fair Value

Understanding the Accounting of Fair Value

Posted by Douglas Muth on April 19, 2022

Got questions about fair value under U.S. GAAP? Here are some answers to help take the guesswork out of reporting these estimates.

> Read More
Method of Accounting: Accrual or Cash?

Method of Accounting: Accrual or Cash?

Posted by Timothy Bubar on April 11, 2022

Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them.

> Read More
GASB 87 Resources

GASB 87 Resources

Posted by Sara Dayton on April 05, 2022

Effective for fiscal year 2022, the Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, establishes a single model for lease accounting based on the principle that leases are financings of the right to use an asset.

> Read More
Best Practices for SVOG Single Audit Readiness

Best Practices for SVOG Single Audit Readiness

Posted by Seth Hennard on March 31, 2022

Hard-hit small businesses received more than $16 billion in much-needed COVID-19 relief through the Small Business Administration’s (SBA) Shuttered Venue Operators Grant (SVOG) program. We provide best practices for administering SVOG funds can help make your organization audit-ready.

> Read More
Page 1 of 8 pages  1 2 3 >  Last ›
SIGN UP TO RECEIVE OUR LATEST TAX AND ACCOUNTING ARTICLES, NEWSLETTERS, AND EVENTS. SIGN UP

Comprehensive. Proactive. Accessible.
How Can We Help?