Audit and Assurance Articles
Posted by Jill Johnson on December 20, 2022
For nonprofit organizations who adhere to GAAP will not be required to report credit losses on receivables, loans, and financial assets under a new accounting standard.
Posted by Michael Grimaldi on November 16, 2022
Your management team and Board of Directors especially the audit committees should pay special attention to the final audit report and act accordingly to improve internal controls.
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.
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.
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.
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.
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.