Tag: audit & assurance

What to Expect During a First-Time Plan Audit

Growing beyond 100 employees is an important landmark in a company’s history. While companies may…

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New SOC 2 Changes Address IT Risks, Governance

As business risks become more complex, the American Institute of Certified Public Accountants (AICPA) has…

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Preparing to Go Public? Address SOX Compliance Early

The Sarbanes-Oxley Act of 2002, commonly referred to as SOX, requires public companies to report…

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Rules Finalized for Partnerships Opting Out of Centralized Audit Regime
Rules Finalized for Partnerships Opting Out of Centralized Audit Regime

The IRS has issued final regulations for partnerships who wish to opt out of the…

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Preparing for a First-Time 401k Plan Audit
Preparing for a First-Time 401k Plan Audit

For retirement plan administrators preparing for a first-time audit, much of the process can seem…

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The Nonprofit Case for Internal Controls
The Nonprofit Case for Internal Controls

The core of any organization’s fraud-prevention program is strong internal controls. Yet too many nonprofits…

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U.S. Tax Reform: Financial Reporting and Audit Considerations
Tax Reform: Reporting and Audit Considerations

The enactment of U.S. tax reform is imminent. It has passed both the House and…

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The Value in Thinking Like an Auditor
The Value in Thinking Like an Auditor

When auditors examine a nonprofit’s financial statements they spend a lot of time on the…

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Are You Doing Enough to Manage Risk
Are You Doing Enough to Manage Risk?

No matter what your mission, your nonprofit must protect financial and physical assets, human resources…

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PCAOB Adopts New Standard to Enhance the Auditor’s Report
PCAOB Adopts Standard to Enhance Auditor’s Report

On June 1, 2017 the Public Company Accounting Oversight Board (PCAOB) adopted a new auditor…

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