Audits don’t have to be stressful events. In fact, an audit can be a valuable and beneficial resource for your company. All it takes is a little preparation. Before your…
On the Horizon: Changes to A&A Guide for A/E Firms
An important audit and accounting procedural guide produced by a leading transportation trade association is undergoing some changes. The American Association of State Highway and Transportation Officials (AASHTO) started began…
FASB Approves Deferral of Effective Date of New Revenue Recognition Standard
In May 2014, the FASB issued guidance which clarifies the principles for recognizing revenue when an entity enters into contracts with customers. In the July 2015 FASB Board Meeting, the…
New FASB Accounting Standard for Intangibles Acquired in a Business Combination
The FASB, in conjunction with the Private Company Council (PCC), recently issued an accounting alternative for private companies which is intended to reduce the cost and complexity associated with the…
Streamline the Audit Process with Electronic Working Papers
In today’s accounting environment, most firms and their clients have embraced a paperless work flow to increase efficiency in the audit process. While it’s become second nature for many companies…