Today, most middle-market businesses buy or sell, eventually. But many are unprepared for M&A, leading to entirely avoidable financial losses. In this article, we outline how you can position your company for success in current & future deals. Read more
Due to the effects the pandemic has had on organizations, auditors, accountants, and financial statement preparers need to brush up on the existing going concern requirements to be ready to address those situations. There will likely be few exceptions where organizations do not have some amount of doubt about events and conditions being present that could indicate a going concern problem.
Read moreThe IRS recently posted guidance following passage of its Taxpayer Certainty and Disaster Tax Relief Act of 2019 explaining how nonprofits can seek refunds of the “parking tax.”
Read moreDue to several common factors—including a lack of internal controls, as well as less resources available for prevention and recovery—many nonprofit organizations are particularly vulnerable to fraud and identity theft.
Read moreIn December 2020, the Office of Management and Budget (OMB) issued new guidance on single audits in the form of an addendum to the 2020 OMB Compliance Supplement.
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