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In a rapidly evolving business and regulatory environment, professional guidance is more important than ever.
Lumsden McCormick professionals draw on our extensive industry experience and global resources to assist in navigating the constantly changing state and federal regulations with the goal of strengthening the value of your business.
Our Audit and Assurance services include:
For more information about audit and assurance services from Lumsden McCormick contact an assurance service leader or complete the form below.
The coronavirus (COVID-10) pandemic has had adverse effects on many industries. Both employers and employees are seeking ways to respond to financial stress resulting from the economic slowdown and financial market volatility. If your company's revenue has plummeted, you might be considering eliminating or scaling back your contributions to employees' 401(k) accounts. Here's what you should know before making any cuts.
The Coronavirus Aid, Relief and Economic Security Act (the CARES Act) was signed into law on March 27, 2020 to provide financial relief to individuals and businesses in response to the COVID-19 pandemic and several provisions included in the Act impact nonprofit higher educational institutions. The following are the highlights of the provisions that directly impact higher education institutions.
On March 24, 2020, the IRS posted frequently asked questions to provide additional clarification and guidance regarding the application of its relief guidance. Here is a summary of those FAQs.
AuditWatch University Level 3: Beginning In-Charge Training prepares auditors to take in-field responsibility for an audit engagement. It mixes discussion with case studies to provide an in-depth look at designing and completing the key steps in an audit.
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AuditWatch Level 2: Experience Staff Training introduces auditors to the complete audit process and plan. It focuses on ways for staff and senior accountants to significantly participate in the risk assessment procedures, including efforts surrounding internal controls.
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