I recently came across an article about a small town in Virginia, who allegedly had $21 million missing all due to the top tier of the County Government individuals. Front Royal, Virginia is in Warren County and had big plans for the growth of buildings, jobs, and other developments within the town. These big new plans …
For a CPA these three words have a very distinct meaning. But to the non-auditing world, these words can have very different meanings. As the client, you may have found yourself wondering what these words really mean. This article will provide a crash course in audit terminology. A brief explanation of the key characteristics and …
The trend of smaller businesses is on a rise for using more continuous auditing technologies. Continuous auditing technology is a way for small businesses to improve their continuous auditing efforts with the purchase of packaged software audit systems. The boom in technology in the past few decades has enabled users to customize anything they’d like. …
We’ve all heard the saying “everything is bigger in Texas”, well that was the case when a ransomware attack hit multiple towns in Texas. On Friday, August 16th, twenty-two Texas towns had their computer systems hacked, seized and held for ransom. The ransomware virus only affected certain agencies within the government rather than the government’s …
We previously posted a blog on how to reduce the number of meetings you attend. Once you actually step into a meeting, how do you make the most of your time in that meeting? There is always additional information or topics that tend to creep into the meeting which can either hinder or improve the …
It seems as if the Governmental Accounting Standards Board (GASB) never sleeps. I mean, they are currently working on GASB Statement No. 90 – that’s right, NUMBER 90! Of course, they are amending past GASB Pronouncements with No. 90, but still, they have made it to the 90s! I’m sure you are thinking, “When will …
How many meetings do you attend each week? How many of these meetings leave you thinking “that was really helpful”? I would guess in one month, there are roughly 10 out of 50 meetings that actually accomplish the intended objective. How can we change this dynamic? One of the most important features of a meeting, …
As auditors, accountants, and employees we often hear these three adjectives used interchangeably to describe a desired change among work processes and organizations. As a government auditor, we have gone through lots of CPE and conferences over the last few months. These conferences often have motivational speakers that try to point out one or two …
IT is built around control. Control of all digital applications and information. IT picks apart sensitive information and reviews it frequently to ensure criminals are unable to gain access to our systems. Is there anything finance can take away from this control-heavy environment? Don’t miss: City of Atlanta ransomware One item worth considering is called …
Many of you are aware of the famous cyberattack on the City of Atlanta that occurred over a year ago, but you may not understand how it worked out. SamSam is a specific type of ransomware that is known for gaining entry by scanning the network for passwords or other entry data used by vendors …
The new revenue recognition standard takes effect for most private companies in 2019, but you can’t wait until then to learn about this. Download our new e-Book now.
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