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

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Article

Navigating Tax Deductions for Rental Property as a Real Estate Professional
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.
      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.
          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
              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.
                  Article
                  March 29, 2022
                  Helpful Guidance: Addenda to the 2021 OMB Compliance Supplement
                    March 29, 2022
                    Helpful Guidance: Addenda to the 2021 OMB Compliance Supplement

                    The OMB recently issued two addenda to the 2021 OMB compliance supplement.
                      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.
                          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.
                              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).
                                  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.
                                      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.
                                          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.
                                              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.
                                                  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.
                                                      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.