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