Insights That Drive Action

Our Audit & Attest Insights keep you informed of the latest news in accounting, audit, tax and advisory.

Beyond the Budget: How Not-for-Profits Can Strengthen Financial Sustainability Amid Funding UncertaintyFeatured

Article

Beyond the Budget: How Not-for-Profits Can Strengthen Financial Sustainability Amid Funding Uncertainty
MHM Changes Name to CBIZ CPAs P.C.
Article
August 21, 2024
MHM Changes Name to CBIZ CPAs P.C.
    August 21, 2024
    MHM Changes Name to CBIZ CPAs P.C.

    Kansas City, Mo. – Aug. 21, 2024 – Mayer Hoffman McCann P.C. (MHM), based in Kansas City, Mo., announced today that it is changing its name to CBIZ CPAs P.C., effective immediately.
      FASB Proceeds with Post-Implementation Review of ASC 606, Revenue from Contracts with Customers
      Article
      August 05, 2024
      FASB Proceeds with Post-Implementation Review of ASC 606, Revenue from Contracts with Customers
        August 05, 2024
        FASB Proceeds with Post-Implementation Review of ASC 606, Revenue from Contracts with Customers

        We summarize the results of three areas assessed by the Board as part of the PIR of Topic 606: Benefits, Costs and 3) Implementation.
          Economic Uncertainty Prompts Going-Concern and Impairment Analysis for Real Estate Companies
          Article
          July 22, 2024
          Economic Uncertainty Prompts Going-Concern and Impairment Analysis for Real Estate Companies
            July 22, 2024
            Economic Uncertainty Prompts Going-Concern and Impairment Analysis for Real Estate Companies

            Explore how the changing economic landscape affects real estate companies. From going-concern assessments to asset impairments, find out what real estate financial professionals need to know.
              Employee Benefit Plan Audit Checklist
              Article
              May 17, 2024
              Employee Benefit Plan Audit Checklist
                May 17, 2024
                Employee Benefit Plan Audit Checklist

                Streamline your organization’s annual EBP audit. Our employee benefit plan audit checklist is your key to a hassle-free audit experience. Learn more now.
                  Employee Benefit Plan Audit Changes in SECURE 2.0 ACT
                  Article
                  May 14, 2024
                  Employee Benefit Plan Audit Changes in SECURE 2.0 ACT
                    May 14, 2024
                    Employee Benefit Plan Audit Changes in SECURE 2.0 ACT

                    Navigate the latest Employee Benefit Plan Audit Changes in SECURE 2.0 ACT, crucial for adapting to new retirement plan regulations effectively.
                      2024 Uniform Guidance Changes: Requirements for Single Audits
                      Article
                      April 23, 2024
                      2024 Uniform Guidance Changes: Requirements for Single Audits
                        April 23, 2024
                        2024 Uniform Guidance Changes: Requirements for Single Audits

                        The Uniform Guidance will now be referred to as the OMB Guidance for Federal Financial Assistance.
                          FASB Clarifies Accounting for Profits Interest Awards
                          Article
                          April 01, 2024
                          FASB Clarifies Accounting for Profits Interest Awards
                            April 01, 2024
                            FASB Clarifies Accounting for Profits Interest Awards

                            The Financial Accounting Standards Board (FASB) has released Accounting Standards Update (ASU) No. 2024-01, Scope Application of Profits Interest and Similar Awards.
                              Improving Oversight: DOL Report Highlights Deficiencies in Employee Benefit Plan Audits
                              Article
                              February 20, 2024
                              Improving Oversight: DOL Report Highlights Deficiencies in Employee Benefit Plan Audits
                                February 20, 2024
                                Improving Oversight: DOL Report Highlights Deficiencies in Employee Benefit Plan Audits

                                In a recent report released by the U.S. Department of Labor (DOL), a spotlight has been cast on the current state of employee benefit plan (EBP) financial statement audits.
                                  FASB Enhances Income Tax Disclosures with New Standard
                                  Article
                                  January 11, 2024
                                  FASB Enhances Income Tax Disclosures with New Standard
                                    January 11, 2024
                                    FASB Enhances Income Tax Disclosures with New Standard

                                    The Financial Accounting Standards Board (FASB) has released an Accounting Standards Update (ASU) aimed at improving the transparency of income tax disclosures in response to investor demands for more detailed and useful tax information from companies.
                                      FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations
                                      Article
                                      December 31, 2023
                                      FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations
                                        December 31, 2023
                                        FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations

                                        On August 23, 2023, the Financial Accounting Standards Board (FASB) issued Business Combinations – Joint Venture Formations (Subtopic 805-60) to address joint venture formations with respect to business combinations.
                                          Roadmap to Estimating Credit Losses
                                          Article
                                          December 20, 2023
                                          Roadmap to Estimating Credit Losses
                                            December 20, 2023
                                            Roadmap to Estimating Credit Losses

                                            This article explores a roadmap to estimating expected credit losses under the CECL framework and provides a step-by-step guide.
                                              FASB Introduces New Standard for Crypto Asset Accounting and Disclosure
                                              Article
                                              December 20, 2023
                                              FASB Introduces New Standard for Crypto Asset Accounting and Disclosure
                                                December 20, 2023
                                                FASB Introduces New Standard for Crypto Asset Accounting and Disclosure

                                                In a move to enhance the transparency and accuracy of financial reporting for crypto assets, the Financial Accounting Standards Board (FASB) has announced the release of an updated Accounting Standards Update (ASU).
                                                  Decoding CECL: Here Are Key Concepts You Need to Know
                                                  Article
                                                  November 08, 2023
                                                  Decoding CECL: Here Are Key Concepts You Need to Know
                                                    November 08, 2023
                                                    Decoding CECL: Here Are Key Concepts You Need to Know

                                                    This article represents the first installment in a series examining the intricacies of the Current Expected Credit Loss (CECL) standard.
                                                      Important Changes Affecting Entities With Federally Funded Programs Subject to a Single Audit
                                                      Article
                                                      September 14, 2023
                                                      Important Changes Affecting Entities With Federally Funded Programs Subject to a Single Audit
                                                        September 14, 2023
                                                        Important Changes Affecting Entities With Federally Funded Programs Subject to a Single Audit

                                                        The U.S. OMB issued the 2023 Compliance Supplement with two important changes. Learn how this affects entities with federally funded programs

                                                          Property Improvement Analysis for Building Owners
                                                          Article
                                                          September 11, 2023
                                                          Property Improvement Analysis for Building Owners
                                                            September 11, 2023
                                                            Property Improvement Analysis for Building Owners

                                                            With 100% bonus depreciation phasing out in 2023, taxpayers are reminded of the benefits of Tangible Property Regulations.