Effectiveness of Fraud Hotlines
The Association of Certified Fraud Examiners (ACFE) recently released its 2016 Report to the Nations on Occupational Fraud and Abuse. Once again, the number one method for detecting fraud was through...
View ArticlePerforming a Monthly Bank Reconciliation
A bank reconciliation compares the transactions that occurred in the organization’s bank account to the transactions that occurred in the organization’s general ledger or accounting software. It is...
View ArticleGASB Issues 2016 Implementation Guide
Government accountants are aware that the hierarchy of accounting for state and local government’s generally accepted accounting principles (GAAP) fall in one of two categories. Category A is the...
View ArticleDo You Reconcile Your Governmental Capital Assets?
It can be hard to remember, but it is a requirement of most all federal grants in which capital assets are purchased, that a governmental entity performs a physical inventory of all capital assets at...
View ArticleUpcoming Changes to the CPA Exam
Whether you sat for the CPA exam or not, it is widely known to be an incredible test of not only one’s technical expertise, but also one’s endurance to make it through the rigorous process. To make...
View ArticleInformation Security
Earlier this month the United States Computer Emergency Readiness Team (US-CERT) and the Department of Homeland Security issued an alert that Symantec and Norton antivirus software contain multiple...
View ArticleEngaging Younger Citizens Through Technology
A hot topic for many governmental entities these days is how to engage their citizens. Many governments are looking to technology to engage the younger generations of citizens including millennials....
View ArticleHeard about the New Overtime Rule?
The United States Department of Labor updated its regulations governing the exemption of executive, administrative and professional employees (EAP) employees from the minimum wage and overtime pay...
View ArticleAnticipated Changes in Lease Accounting
The Governmental Accounting Standards Board (GASB) issued an exposure draft on January 25, 2016 proposing significant changes in accounting for leases. Primarily the GASB proposal would result in...
View ArticleUnderstanding Government and Nonprofit Auditing Risks
School districts, townships, municipalities and special districts make up roughly 90,000 local government entities throughout the United States that require an audit by a CPA firm. Additionally, more...
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