Assurance

What is Information Assurance?

At a glance The main takeaway: What is information assurance? Information assurance is the process of performing third-party audit and attestation services…

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Your Day-to-Day 401k Tasks Can Lead to Audit Success

Maintaining your benefit plan is a daily responsibility and so is preparing for the audit.  The time and effort that…

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Bi-Annual Survey Reports on Occupational Fraud Statistics and the Success of Internal Controls, Among Many Other Findings

The Association of Certified Fraud Examiners (ACFE) publishes a bi-annual survey on corporate fraud. Recently, it released this report, entitled…

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Accounting Made Easy: 5 Steps to Successfully Managing your Receivables

Every organization needs a well-ordered process to ensure cash keeps flowing into the organization. This allows you to fund your…

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Is It Time to Consider Accrual-Basis Accounting?

For many small businesses, accounting is an afterthought. The time and energy to launch a business is extensive and accounting…

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Accounting Made Easy: 5 Steps to Fast, Easy, and Accurate Bank Reconciliations

One of the more fundamental and important processes in the monthly close is the reconciliation of bank accounts. Reconciling your…

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Total Time Accounting and Uncompensated Overtime

Without a total time accounting policy, a Federal contractor leaves the door wide open for the possibility of DCAA disallowing…

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Understanding Contributed Services

Contributed services are professional services that have been donated by someone outside of your organization with specialized skills — such…

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GAAP Accounting for Third Party Reimbursements: Contributions vs. Exchange Transactions

U.S. GAAP accounting for Federal government grants might seem straightforward after the adoption of ASU 2018-08–Clarifying The Scope And Accounting…

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Guidance Released for the Government Contractor Vaccine Mandate

President Biden’s Executive Order (EO) 14042 requires Federal Government contractors to implement certain measures designed to combat the COVID-19 pandemic…

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