Insights That Drive Action

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

Large Accelerated Filers are Getting Larger, and so Will Non-Accelerated FilersFeatured

Article

Large Accelerated Filers are Getting Larger, and so Will Non-Accelerated Filers
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.
                                      Top Emerging Cybersecurity Trends for 2022
                                      Article
                                      January 18, 2022
                                      Top Emerging Cybersecurity Trends for 2022
                                        January 18, 2022
                                        Top Emerging Cybersecurity Trends for 2022

                                        Emerging cybersecurity trends for 2022 and how your company can prepare for them.
                                          Reminder: Goodwill Impairment Accounting Election Available for Private Entities
                                          Article
                                          January 04, 2022
                                          Reminder: Goodwill Impairment Accounting Election Available for Private Entities
                                            January 04, 2022
                                            Reminder: Goodwill Impairment Accounting Election Available for Private Entities

                                            An accounting election simplifies impairment considerations for private companies and not-for-profit organizations.