Insights That Drive Action

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

Federal Scholarship Tax Credit: A New Scholarship Resource for Elementary and Secondary StudentsFeatured

Article

Federal Scholarship Tax Credit: A New Scholarship Resource for Elementary and Secondary Students
Excess Business Loss Limitation Explained
Article
July 11, 2022
Excess Business Loss Limitation Explained
    July 11, 2022
    Excess Business Loss Limitation Explained

    The constant change in tax law over the last few years has made it difficult for many to keep up. One of those changes is the Excess Business Loss limitation.
      FASB Clarifies and Expands Fair Value Hedge Accounting
      Article
      July 05, 2022
      FASB Clarifies and Expands Fair Value Hedge Accounting
        July 05, 2022
        FASB Clarifies and Expands Fair Value Hedge Accounting

        Given the general complexities of hedge accounting, stakeholders need guidance and clarification as much as possible.
          Transform Your Not-for-profit With Data Analytics
          Article
          June 07, 2022
          Transform Your Not-for-profit With Data Analytics
            June 07, 2022
            Transform Your Not-for-profit With Data Analytics

            Discover how data analytics can help not-for-profits optimize fundraising, improve efficiency, and make informed decisions.
              Updated Guidance for How Healthcare Entities Account for Contributions of Vaccines or other Pharmaceuticals, Medical Supplies or Equipment
              Article
              April 19, 2022
              Updated Guidance for How Healthcare Entities Account for Contributions of Vaccines or other Pharmaceuticals, Medical Supplies or Equipment
                April 19, 2022
                Updated Guidance for How Healthcare Entities Account for Contributions of Vaccines or other Pharmaceuticals, Medical Supplies or Equipment

                Not-for-profit and for-profit health care providers recently received additional accounting guidance for donations of certain types of medical items.
                  3 Ongoing Challenges with Revenue Recognition Accounting
                  Article
                  April 19, 2022
                  3 Ongoing Challenges with Revenue Recognition Accounting
                    April 19, 2022
                    3 Ongoing Challenges with Revenue Recognition Accounting

                    When the changes to revenue recognition under ASC Topic 606 were introduced in 2014, it marked one of the most significant accounting changes in history.
                      Accounting Implications Arising from the Russia-Ukraine War
                      Article
                      April 14, 2022
                      Accounting Implications Arising from the Russia-Ukraine War
                        April 14, 2022
                        Accounting Implications Arising from the Russia-Ukraine War

                        The ongoing crisis in Ukraine has sent shockwaves through the global economy, with investors facing an unstable market and the Russian currency taking a sharp dive.
                          What to Know About SAS 136: A New Audit Standard for ERISA
                          Article
                          March 29, 2022
                          What to Know About SAS 136: A New Audit Standard for ERISA
                            March 29, 2022
                            What to Know About SAS 136: A New Audit Standard for ERISA

                            The following provides a recap about what the new standard for ERISA employee benefit plans will mean for plan management and the ERISA Section 103(a)(3)(C) audit process
                              New Reporting and Disclosure Requirements for Contributed Nonfinancial Assets or Contributed Services for Not-for-Profit Organizations
                              Article
                              March 29, 2022
                              New Reporting and Disclosure Requirements for Contributed Nonfinancial Assets or Contributed Services for Not-for-Profit Organizations
                                March 29, 2022
                                New Reporting and Disclosure Requirements for Contributed Nonfinancial Assets or Contributed Services for Not-for-Profit Organizations

                                A September 2020 accounting update will affect accounting for cash donations for not-for-profit organizations.
                                  Why Third-Party Risk Assessments are Essential for SOC 2 Reports
                                  Article
                                  March 22, 2022
                                  Why Third-Party Risk Assessments are Essential for SOC 2 Reports
                                    March 22, 2022
                                    Why Third-Party Risk Assessments are Essential for SOC 2 Reports

                                    To get the most out of your investment in a SOC 2 report and truly protect your data, you’ll need a third-party risk assessment.
                                      Why Private Equity and Venture Capital Firms Should Early Adopt This Debt Accounting Update
                                      Article
                                      March 01, 2022
                                      Why Private Equity and Venture Capital Firms Should Early Adopt This Debt Accounting Update
                                        March 01, 2022
                                        Why Private Equity and Venture Capital Firms Should Early Adopt This Debt Accounting Update

                                        The Financial Accounting Standards Board (FASB) has been evaluating accounting standards for the past several years to identify the requirements that could be streamlined.
                                          ASC 740 Considerations for Pass-Through Entity Tax Regimes
                                          Article
                                          March 01, 2022
                                          ASC 740 Considerations for Pass-Through Entity Tax Regimes
                                            March 01, 2022
                                            ASC 740 Considerations for Pass-Through Entity Tax Regimes

                                            An increasing number of states are embracing an entity-level income tax on pass-through entities (PTEs) as a way to mitigate the $10,000 deduction limit for state and local income taxes (SALT cap).
                                              Demystify the SOC 2 Risk Assessment
                                              Article
                                              February 25, 2022
                                              Demystify the SOC 2 Risk Assessment
                                                February 25, 2022
                                                Demystify the SOC 2 Risk Assessment

                                                With the importance that information security continues to have in enterprise and vendor risk management, your organization may find itself needing a (SOC) 2 report.
                                                  MHM Appoints New President and Chairman
                                                  Article
                                                  February 16, 2022
                                                  MHM Appoints New President and Chairman
                                                    February 16, 2022
                                                    MHM Appoints New President and Chairman

                                                    MHM announced that Andy Burczyk has retired and that Andrew Gragnani has been appointed the new President for the organization.
                                                      3 Things Manufacturers Need to Know About Their Accounting for Leases
                                                      Article
                                                      January 31, 2022
                                                      3 Things Manufacturers Need to Know About Their Accounting for Leases
                                                        January 31, 2022
                                                        3 Things Manufacturers Need to Know About Their Accounting for Leases

                                                        Here are the core provisions manufacturers should know about with the lease accounting changes and how it could impact financial statements.
                                                          4 Ways to Make Your First SOC 2 Report Easier
                                                          Article
                                                          January 18, 2022
                                                          4 Ways to Make Your First SOC 2 Report Easier
                                                            January 18, 2022
                                                            4 Ways to Make Your First SOC 2 Report Easier

                                                            The first time you undergo a SOC 2 report, there may be some challenges, so it’s important to know what to expect.