Searching for an audit firm can be a time-consuming and stressful task. However, it can be maneuvered easier if you know what to look for, have realistic expectations, and ask the right questions.
On April 14, the Governmental Accounting Standards Board (GASB) released a statement proposing the postponement of the effective dates of certain accounting and financial reporting requirements set to go into effect soon.
Would you leave the front door unlocked to your business?
In December 2013, OMB released final guidance on administrative requirements, cost principles and audit requirements for federal awards.