Assurance
GAO Decides GSA Schedule Labor Category Descriptions Limit Technical Scope of Responsive Proposals
GSA Schedule contractors need to pay careful attention to a recent protest decision issued by the Government Accountability Office (GAO)…
What is a ‘Standard Audit Opinion?’
The standard opinion for audits of financial statements conducted in accordance with “auditing standards generally accepted in the United States”…
Should You Use Cash Basis or Accrual Accounting for Tax Purposes?
The most popular method of accounting is cash basis, primarily because of its simplicity. Reporting on the cash basis allows the…
Investments and Avoiding Management Letter Comments
A common audit comment given to organizations is in regards to recording investment activity. An organization should track the changes in the investment…
Another Day, Another Deadline – Don’t Miss the 5500 Deadline for Your 401(k) Plan!
Congratulations! March 15th has come and gone and your 401(k) compliance testing is done and refunds have been issued. Now…
Sharing QuickBooks Data with Your Accountant
The month of January marks the time of year many businesses process the year-end closing of the books and send…
Unclaimed Property: The Stink of Stale Checks
Many companies have their share of outstanding checks cluttering their bank reconciliations, and contractors are by no means different. Reasons can…
Lease Accounting Exposure Draft Faces Criticism
The Financial Accounting Standards Board and International Accounting Standards Board issued a revised Exposure Draft on May 16, 2013, recommending…