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GASB Statement No. 101 will change how governments account for paid leave benefits—and will be effective for audits with fiscal years ending on December 31, 2024.
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Help make your organization’s payment processes airtight and prevent fraud. Here are 5 practical tips to get started.
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In recent years, a solution has emerged that allows for a more efficient, data-driven approach to your annual employee benefit plan (EBP) audit – cutting back on stress for your finance and human resources departments.
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If you’re thinking about a career in accounting, the truth is that there are many different things you can do within the accounting industry and plenty of ways to get there.
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Despite being non-financial, non-cash donations (a.k.a. in-kind contributions) can help to bolster your organization’s bottom line. Check out these three ways to make the most of them.
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Starting a business comes with a lengthy to-do list. One thing to consider adding to yours: securing a financial statement audit.
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From quality control to quality management: New AICPA quality standards are here—is your firm ready?
If your accounting firm issues reports on financial statements, you likely know the AICPA issued new standards on quality management last year. Although the standards aren’t effective until late 2025, it’s imperative to start implementing them now.
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Non-cash donations to a nonprofit organization are called in-kind contributions, and they come with their own set of requirements—that apply to both the nonprofit and its donors.
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Your government audit takes place once a year so it can be tempting to only think about it, well, once a year. But preparing last-minute can increase your audit-related stress and keep your organization from being truly prepared.
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Under the “current expected credit loss” (CECL) model, entities will will need to consider all forward-looking information when determining allowances for credit losses. Here’s what you need to know about the model.
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