Your audit, from good to great

We want our clients to get more out of their audits! We are not talking about heartburn either. We invite you to look behind the audit curtain. Maybe this will shed some light on what is going on. We have an action plan, some things you can do to help turn your audit from good …

Keep Reading

Internal audit?

An audit can be defined as a process where business records are examined by an auditor to determine whether a business’s financial statements appear to be accurate. There are two types of audits: external and internal. It is important to understand the meaning of the two as your organization may at one-point experience both. It’s …

Keep Reading

Fraud trends to be aware of

There has been an increased number of ransomware attacks reported in the last year including municipalities in the state of Texas, as well as attacks on the cities of Baltimore and Atlanta. It should not be a surprise that data breaches continue to be a top fraud trend. Unfortunately, ransomware is not the only fraud …

Keep Reading

Compilation, review or audit: What’s the difference?

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 …

Keep Reading

Continuous auditing technologies in small businesses

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. …

Keep Reading

How to create an efficient meeting

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 …

Keep Reading

Is GASB exhausted yet?

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 …

Keep Reading

How to create a meeting agenda

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, …

Keep Reading

Productivity, efficiency, effectiveness: what does it all mean?

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 …

Keep Reading

What can finance learn from the control-heavy environment of IT?

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 …

Keep Reading