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All About Audit & Assurance (4)

2021 Employee Benefit Plan Audits: Big Changes On the Way

Business entities that sponsor employee benefit plans, and plan administrators with the responsibility for regulatory compliance of their benefit plans should take note. There are significant changes coming for 2021 employee benefit plan audits that will...
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Everything Construction Contractors Need to Know About New Lease Accounting Standards [2022]

A new lease accounting standard for construction companies and contractors takes effect on December 15, 2021. This article covers the rules of the new standard and how your company can prepare.
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3 Common Nonprofit Management Letter Comments and How to Avoid Them

A primary responsibility of nonprofit directors and officers is to ensure that their organization is accountable for its programs and finances to contributors, its members, the general public and government regulators.
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Private School Financial Reporting Mistakes: Donor Support

Donor support can have complex accounting requirements for private schools. This can lead to schools improperly recording certain types of donor support, which can result in misstatements or reclassifications. The following are just some of the most...
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How to Prepare for Your Private School’s Next Audit

While students might be out for the season, summer is often the time when private schools hit the books to prepare for their yearly audit. Here's a quick guide on how to prepare your private school for this year’s audit.
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Why Real Estate Companies Should Consider Income Tax Basis Accounting for Financial Statements

While it’s not necessarily a secret, there may be some real estate companies that aren’t aware that there’s an alternative to GAAP (Generally Accepted Accounting Principles) for maintaining their accounting records and presenting their financial...
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