Most organizations are familiar with external audits that are performed by licensed auditors to ensure financial statements are accurate. Internal audit refer to systematic and independent examinations of an organization’s […]
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By Priya Singleton, CPA, Director at Blue & Co. The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of […]
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SAS No. 136 and Employee Benefit Plans: What is a Reportable Finding? Plan management and plan sponsor personnel have likely heard from their auditors about auditing standard changes impacting their […]
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On June 18, 2020, the Office of Management and Budget (OMB) issued Memorandum M-20-26, Extension of Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the […]
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This article was originally published with updates to FASB updates on December 10, 2019 and was most recently updated on June 5th. It is being updated as new information becomes […]
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Processing accounts payable transactions is one of the most significant activities in a contractor’s operations and is an essential component in managing cash flow and project budgets. Unfortunately, the accounts […]
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On September 12, 2019, the Financial Accounting Standards Board issued a revised proposed accounting standards update for the Classification of Debt (Topic 470). Comments from the public on the revised […]
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Overview of SAS No. 136 On July 10, 2019, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued Statement on Auditing Standards No. 136, […]
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Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of […]
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Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of […]
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By Karen Dringenburg, CPA, Audit Manager at Blue & Co. Your not-for-profit’s IT environment plays an important role in protecting donor information, financial data, and the systems that support your […]
By Karen Dringenburg, CPA, Audit Manager at Blue & Co. The IT environment is constantly evolving, and not-for-profit organizations face unique challenges in keeping pace. While your primary focus is […]
By Sara Jacobi, CPA, CEPA, Director of Firm Taxation at Blue & Co. The Internal Revenue Service (IRS) announced tax relief for individuals and businesses in certain Indiana counties affected […]
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