Financial Reporting Update
- May 21, 2020
The Financial Accounting Standards Board (FASB) met yesterday, May 20, and made a tentative decision to extend the effective dates for...
Auditing Remotely
- March 24, 2020
COVID-19 has changed many things in a short amount of time. This includes the way we work and interact with one...
What You Need to Know About Employee Benefit Plan Audits
- April 23, 2019
written by Jacque Mattson These days, candidates are seeking much more than a salary. Offering competitive benefits can make or break...
The New Accounting Standard Has Arrived: What it Means for Not-for-Profits
- December 4, 2016
written by Eric Lampe The new accounting standard (ASU 2016-14) was issued in August in order to update the current model...
New Partnership Audit Rules – How do I opt-in?
- October 23, 2016
written by Kami Bailey The IRS has issued temporary regulations that explain how a partnership can opt in to the new...
SSARS 21 – Changes to Compilation, Review, and Financial Statement Preparation Engagements
- November 15, 2015
written by Aaron Spencer Consistent with recent changes to other accounting and auditing pronouncements, the AICPA has clarified standards governing the...
New Guidelines for Not-for-Profits that Receive Federal Funds
- November 9, 2015
written by Aaron Spencer On December 26, 2014, the White House Office of Management & Budget (OMB) implemented new federal regulations:...
Single Audit Requirements for 2015
- April 15, 2015
written by Eric Lampe Not-for-profits, government entities, school districts, and private entities that receive and spend Federal assistance are finally getting...
FASB Issued Change to Treatment of Debt Issuance Costs
- April 13, 2015
written by Chelsey Dollarhide On April 7, 2015, the Financial Accounting Standards Board (FASB) issued an accounting standards update with the...