Insight Tag: Auditing
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Ensuring Accountability: The Vital Role of Audits and Reviews in Not-for-Profit Organizations
Accountability stands as a cornerstone principle, essential for maintaining trust with donors, stakeholders, and the broader community in any not-for-profit. At the heart of ensuring this accountability lies audits and reviews, critical processes that provide transparency and uphold financial integrity.
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Navigating IRS 1099 TIN Mismatch Letters: What You Need to Know
The IRS has recently issued a series of 1099 TIN mismatch letters, also known as CP2100 and CP2100A notices for 2022 and 2023, indicating a ramp-up in enforcement and penalties related to 1099 filings. These notices can lead to significant compliance obligations, so understanding what they mean and how to respond is crucial for maintaining compliance and avoiding penalties.
Blog
Do You Play By The (Capital Asset) Rules?
Do you have assets that continue to be used well beyond a single reporting period, such as land, land improvements, buildings, furniture and equipment, infrastructure and construction in progress? Then you have capital assets and special reporting requirements. Read on to learn more.
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SAS 114: Essential Information May Be Hiding In Plain Sight
What the heck is a SAS 114 letter and why are you getting one? Read on to find out.
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Don’t Make These 10 Audit-Triggering Mistakes
Want to stay off the IRS audit list? Start by avoiding these 10 1040 faux pas.
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Robotic Process Automation Elevates CPAs’ Advisory Game
Find out how automation is empowering advisory services.
Apr 12, 2021
Blog
How Strong Are Your Internal Controls?
Do you have internal controls in place to protect your organization from occupational fraud?