GASB 102, Certain Risk Disclosures: A New Standard
GASB 102, Certain Risk Disclosures, provides information about concentrations and constraints that expose the government to financial risks. Such…
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A Review of the Center for Plain English Accounting (CPEA)
Do you ever need a heavy-weight to assist you with a complex accounting issue? Or do you ever wonder…
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How SSARS 27 Makes Things Better for CPAs
In April 2025, the AICPA’s Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review…
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How to Know When to Send Bank Confirmations
Should you always send bank confirmations? Bank confirmations are not a required audit procedure, yet many firms always send…
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How Strong Internal Controls can Save Nice People
Strong internal controls can save businesses and employees a great deal of pain. I was walking up the stairs…
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How to Use Audit Walkthroughs to Find Control Weaknesses
What is the purpose of audit walkthroughs? How do you document walkthroughs? Is it better to use checklists, flowcharts…
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Understand U.S. Accounting and Auditing Standards Now
What accounting and auditing standards do accountants follow in the United States? And who issues them? Understanding these standards…
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See How Opinion Units Affect Governmental Audit Planning and Opinions
Most governments have multiple opinion units requiring unique audit plans. Below, I explain how governments use two different measurements…
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Are Your Work Paper Dates Revealing Incorrect Audit Sequences?
Audit file work paper dates are telling. They can tell us something good, or they can tell us something…
