The 2019 Elimination of the Federal Individual Mandate: What You Need to Know for Tax Season
The Tax Cuts and Jobs Act brought about quite a few changes that went into effect in 2018, but several…
Improving the Internal Audit Function through Enhanced Data Analytics
Data analytics and “big data” have become a game changer for internal auditing, as firms search for opportunities to provide…
Auditor Risk Assessment
In recent years, a constant mantra of the AICPA’s peer review and technical staff has been that auditors are struggling…
Getting Ready for the New World of Peer Review
From those whose firms have recently gone through a peer review as part of the AICPA’s Peer Review Program (PRP),…
A Timely Reminder to Take Grants Seriously
Sometimes, not-for-profits and governments can be tempted to not take their grant applications and reporting seriously. However, entities which choose…
Filing Relief for 2018 Partnership Returns
On July 25, 2019, the announcement of Rev. Proc. 2019-32 provided welcomed relief for Form 1065 filers. Under Section 6031(b),…
Now is the Time to Become Familiar with the New Yellow Book
The 2018 Yellow Book is effective for financial audits for periods ending on or after June 30, 2020. However, that…
Choices Not-for-Profits are Making in Implementing ASU No. 2016-14
Throughout 2019, not-for-profit entities (NFPs) are implementing ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. ASU No. 2016-14…
President Signs Taxpayer First Act of 2019
The Taxpayer First Act of 2019 was signed into law on July 1, 2019. The Act contains numerous provisions largely…
Millennials in the Workforce: Hiring, Retaining, and Managing in the 21st Century
To the Baby Boomers and Generation Xers who currently comprise the majority of the workforce, the Millennials among us can…