The U.S. Congress passed multiple bills during the COVID-19 pandemic that provided various forms of relief for businesses and individuals. The Employee Retention Credit (ERC) benefited both by giving...
The United States Department of Labor, Internal Revenue Service, and the Pension Benefit Guaranty Corporation have announced changes to the Form 5500, which is the annual return or report of an...
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take...
An internal audit uses resources within the company to critically evaluate the functionality of the company to produce growth and progress. These audits are often continuous in nature, but they can...
Government funding brings some rather complicated reporting and auditing requirements. This can apply to both for-profit businesses and not-for-profit organizations (NFPs) that receive federal...
As a business owner, the last thing you want to worry about is whether any of your employees are stealing from the company. Unfortunately, the theft or diversion of company funds is common wherever...
While other types of business fraud may capture the headlines, you might be surprised to learn that disbursement fraud schemes are one of the most by most common. The good news is that you can take...
On May 5, 2020, the Government Audit Quality Center (GAQC), issued an industry alert No. 404 to professionals that serve organizations subject to Government Auditing Standards. Below are the two key...
Like all businesses, improving financial performance is a top priority for dealerships. One way to maximize dealership performance is for owners to obtain CPA-prepared financial statements. These...
