Improving Controls Over Disbursements
Improving Controls Over Disbursements By their nature vendor and payroll disbursements are at high risk of abuses and fraudulent activity. There are many things that could go wrong in the process, so it is critical that local governments establish internal controls to minimize those risks. The fo.....
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Understanding the New Revenue Recognition Standards and How they Affect Your Financial Statements
Overview As part of the ongoing effort by the Financial Accounting Standards Board (FASB) to converge generally accepted accounting principles in the United States (U.S. GAAP) with International Financial Reporting Standards (IFRS), Accounting Standards Update (ASU) 2014-09, Revenue from Contrac.....
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Just in time for End of Year Report season!
MA DESE requires all End of Year Reports to be submitted by September 30, 2016.  In order to provide some additional guidance this year, our auditors have put together some helpful tips and tricks to remember while completing your EOYR: Schedule 1 Revenues While many of these amounts are p.....
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Congratulations to Alan Goodwin
Alan reached the 6,000 foot summit of Mt Katahdin in Maine today completing his 2,190 mile thru-hike of the Appalachian Trail (AT). Alan started on Springer Mountain in Northern Georgia on April 4, 2016 and completed his journey to Northern Maine on September 1st. Being a “numbers guy”, that’s.....
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Don’t Forget about GASB 74 & 75
Implementing GASB 74 & 75 is right around the corner. Although not applicable until 2017 and 2018 respectively these standards require significant planning to help ensure timely implementation. Now is the time to speak to your Auditors and Actuaries about upcoming Other Post Employment Benefit (.....
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