Accounting Today

MARCH 7, 2024

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is working with the National Association of Corporate Directors on developing a corporate governance framework.

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CPA Practice

JANUARY 12, 2024

Congress still lacks an annual appropriations bill to fund the government. 2, or at least agree on a short-term funding measure, the federal government could shut down. According to IRS Commissioner Danny Werfel, the agency could still maintain some operations, depending on the length of a government shutdown.

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Government Tax Technology 113

CPA Practice

NOVEMBER 13, 2023

still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration. By Erik Wasson, Bloomberg News. TNS) The U.S. A shutdown would threaten a downward U.S.

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CPA Practice

SEPTEMBER 29, 2023

The federal government will partially shut down at 12:01 a.m. on Sunday, barring a last-minute deal between Republicans and Democrats in Congress to keep the government funded. The IRS and the Treasury Department have not said anything yet about extending that deadline in the event of a government shutdown.

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SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts.

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Government general ledger Account accountant 246

SMBAccountant

DECEMBER 16, 2020

These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items. More information regarding these programs can be found at sbir.gov/about.

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Government Account accountant accounted 246

Going Concern

SEPTEMBER 20, 2023

note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Enter the world of government auditing. But government gigs?

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Government audit CPA auditor 116

Accounting Today

APRIL 10, 2024

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

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Government accounting system Account accountant 68

Cherry Bekaert

JANUARY 25, 2024

On this episode of AI, Government, and the Future , host Alan Pentz is joined by George DelPrete, a Managing Director at Cherry Bekaert. Together, they discuss the challenges and opportunities of IT modernization and artificial intelligence (AI) in the federal government.

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Government 69

Cherry Bekaert

DECEMBER 12, 2023

As he has written before, trust in government needs to be restored, and firms like Cherry Bekaert can help lead the way by helping government agencies provide more efficient, effective and timely services. w]ith trust in government at an all-time low, we should all hope the administration’s efforts succeed.”

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Government 105

CPA Practice

SEPTEMBER 26, 2023

Taylor, Kiplinger Consumer News Service (TNS) The prospect of a government shutdown is spotlighting several federal agencies. So, a question is, will IRS enforcement activity and process improvement halt if the federal government shuts down? Government shutdown 2023? By Kelley R. Here’s what you need to know.

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Government audit Tax Washington 111

Patriot Software

MARCH 12, 2023

I am calling on our government and lawmakers to step in and put their full weight behind SVB immediately in order to make tens of thousands of hardworking American businesses and their families whole again. To Whom It May Concern, I am Mike Kappel, CEO of Patriot Software in Canton, OH. Patriot, as we call […] Read More

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Government 130

AccountingDepartment

NOVEMBER 2, 2023

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor.

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Government Account accountant accounted 95

Accounting Today

AUGUST 30, 2023

Strongly governed firms outperform their peers on a wide variety of metrics.

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Government 126

Cherry Bekaert

SEPTEMBER 26, 2023

View all Government Contracting Podcasts Questions? View all Government Contracting Podcasts Questions? Contact Us The post DCAA Compliant Timekeeping Best Practices for Government Contractors appeared first on Cherry Bekaert.

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Cherry Bekaert

AUGUST 31, 2023

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

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Government Account accountant accounted 98

CPA Practice

JUNE 19, 2023

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Is it just about pay, as state and local governments fall farther behind in the competition for talent?

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Government Account accountant accounted 98

Cherry Bekaert

APRIL 22, 2024

As part of the process, OMB welcomed more than 829 public comments from a various stakeholders, including States, local governments, Indian Tribes, labor organizations, industry associations, nonprofit organizations, for-profit organizations, colleges, universities and individuals.

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Government audit 103

Cherry Bekaert

SEPTEMBER 8, 2023

Americans’ trust in government has been on the decline for decades. In the 1960s, polling from the Pew Research Center showed that more than 70% of Americans believed the Federal Government would do the right thing “just about always.” Our nation’s success depends on restoring trust in its government institutions.

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Government Healthcare accounting and finance accounting firms 98

Cherry Bekaert

NOVEMBER 21, 2023

The National Academy of Public Administration’s Agile Government Center Coordinator, G. With trust in government at an all-time low, Ed and Srikant explored what was driving VA’s improved Veteran satisfaction and how it could help restore trust.

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Government 100

Withum

FEBRUARY 13, 2024

Government contracting can be a lucrative venture for businesses, but it comes with a host of regulatory and financial responsibilities. One of the critical elements in managing government contracts is the Incurred Cost Proposal (ICP) submissions. What Are ICP Submissions? These costs can be directly traced to a single cost objective.

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Government audit accounting standards cost accounting 80

Cherry Bekaert

OCTOBER 17, 2023

Ultimately, the Federal government wants a reliable basis for cost comparison and decision making. View all Government Contracting Podcasts Questions? Contact Us The post Cost Accounting Standards (CAS): A Comprehensive Overview for Government Contractors appeared first on Cherry Bekaert. Contact us to discuss your situation.

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accounting standards cost accounting Government Account 105

CPA Practice

SEPTEMBER 30, 2023

government shutdown, sending the bill to President Joe Biden for his expected signature just hours before a midnight deadline. government open through Nov. government open until Nov. The Senate overwhelmingly passed bipartisan legislation Saturday to avoid a disruptive U.S. The bill passed on an 88-9 vote. North Carolina Rep.

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Government North Carolina New Hampshire Minnesota 98

Cherry Bekaert

OCTOBER 12, 2023

The Federal government has used Working Capital Funds (WCFs) for over 100 years. Do you have the correct governance model in place to aid in the financial decision-making process? Contact Us The post Federal Government Working Capital Fund (WCF) Analytics Solution appeared first on Cherry Bekaert.

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Government 92

SMBAccountant

NOVEMBER 19, 2020

Indirect rates are not exclusive to government contractors. Government contractors are required to do the same in order to determine the full cost associated with a contract and be reimbursed that full cost amount. The contractor now owes the government back $37,500. The company had $750,000 in labor for the year.

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Government Account accountant accounted 246

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). Privately held companies may choose a non-GAAP reporting method, but when working with the federal government and the Defense Contract Auditing Agency (DCAA) GAAP must be followed.

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Government accounting principles Account accountant 219

CPA Practice

APRIL 2, 2024

The next chair of the Center for Audit Quality (CAQ) Governing Board is Paul Knopp, U.S. as CAQ Governing Board chair. The Governing Board oversees the CAQ’s strategic agenda and activities. CEO of Big Four firm KPMG, who was elected to the position on April 1. Knopp will succeed Tim Ryan, senior partner of PwC in the U.S.,

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audit Government 59

Cherry Bekaert

SEPTEMBER 28, 2023

As the end of the fiscal year (FY) rapidly approaches in four days, and with no appropriations for FY 2024, government contractors should be planning for a shutdown that will interfere with services, payments and awards that were anticipated for future revenue. What Should Government Contractors Do? After The Shutdown, What’s Next?

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Government Account accountant accounted 75

SMBAccountant

JULY 29, 2020

Government contractors have an even harder and more dire concern when it comes to cost plus contracts. Large variances between the budget and actual expenses can result in money owed to the contractor, or worse, money owed back to the government. Budgets may be the most artful part of accounting. The other issue is timing.

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Government Account accountant accounted 190

LSLCPAs

FEBRUARY 7, 2024

The post GASB 96: Lessons Learned for Local Government Organizations appeared first on LSL CPAs. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No. 96 (GASB 96) Subscriptions, issued by the.

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Government auditor accounting standards cpas 59

Accounting Today

SEPTEMBER 26, 2023

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.

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Government Tax Sales 101

CPA Practice

DECEMBER 14, 2023

Top 30 accounting firm Sikich said on Thursday it has agreed to acquire the federal government practice of top 10 accounting firm CliftonLarsonAllen (CLA), a move that will expand the Naperville, IL-based firm’s presence in the Washington, D.C. market expansion and federal government services leader at Sikich, said in a statement.

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Government Washington Transportation accounting firms 59

CPA Practice

JULY 6, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss models for technology governance. Today we’d like to talk about technology governance. And today’s session on technology governance really got a kind of a boost in my mind. And I think this is a interesting model for technology governance. SPEAKERS Brian F.

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Technology Government audit quickbooks 98

Going Concern

SEPTEMBER 21, 2023

The Australian government released exposure draft legislation yesterday in response to “the PwC matter” and the funniest part is the special email they made to receive comments: PwCResponse@treasury.gov.au. Not ConsultingReponse or Sept23TaxReform, specifically PwC Response. Nice job, guys.

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Government Tax 94

Withum

NOVEMBER 27, 2022

However, many missed one of the most critical pieces of the puzzle in the haste to roll out functionality to improve productivity – the governance of Microsoft Teams. should establish a Teams governance committee. Creating Your Governance Plan. External access is not an area we see heavily governed by most organizations.

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Government Technology Start-ups audit 75

SMBAccountant

JULY 14, 2020

If you are submitting proposals for a government contract, the government prefers the accrual basis of accounting because it gives a more accurate picture of the company’s profit or loss. Using accrual basis accounting the income would show in June even though the payment had not been received yet.

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Government accrual accounting quickbooks Account 246