Six Annual Financial Reporting Pitfalls and How Governments Can Avoid Them
The Comprehensive Annual Financial Report, or CAFR, is one of the most important financial documents prepared annually by governments. This voluminous report goes beyond the budget to provide a...
View ArticleSeven Key Financial Metrics to Measure Nonprofit Health
Many factors play into a nonprofit’s financial status, but some categories are particularly indicative of underlying health and stability. Nonprofit leaders who recognize the importance of the factors...
View ArticleAvoid an Employee Benefit Plan Audit with These Form 5500 Compliance Tips
While it may seem like just another annual employment obligation, the federal Form 5500 is an important component of the Employee Retirement Income Security Act (ERISA), which outlines required...
View ArticleThe Assurance Tool That Boosts Prospects for Lenders and Borrowers
Once upon a time, financial statement audits were a significant requirement within the lending process. Thanks to the thorough audit process and resulting third-party validation of a borrower’s...
View ArticleMy Company Got an Unclaimed Property Letter from PA – Now What?
Has your organization received letters from the Pennsylvania Treasury requesting remittal of unclaimed property? Since changes to the Commonwealth’s Unclaimed Property Act took effect in September...
View ArticleEnsure the Integrity of Your Governmental Audit with These Contract Tips
Standardized language and contract templates help public sector entities or government-funded nonprofits streamline their procurement processes. When it comes to contracting a third-party auditing firm...
View ArticlePension Reporting Changes Ahead for State and Local Governments
Pensions, post-employment benefits and other government funds must soon be reported under a new fiduciary activity standard, according to the Governmental Accounting Standards Board (GASB). In June...
View ArticleLatest in Lease Accounting: Additional One-Year Implementation Delay Proposed...
Editor’s note: On April 21, 2020, the Financial Accounting Standards Board (FASB) proposed an optional, one-year implementation delay for certain private companies and nonprofits, as a result of the...
View ArticleMichael McAllister Joins RKL to Lead IT Audit Services Practice
WYOMISSING, PA (November 14, 2019) – RKL LLP today announced that Michael T. McAllister, CPA, CITP, CISA, has joined the firm as leader of its IT Audit Services Practice. “We’re... The post Michael...
View ArticleRKL Announces New Hires in Audit Services and Small Business
LANCASTER, PA (January 2, 2020) – RKL LLP today announced the hire of four new managers in its Audit Services and Small Business Services groups. Joining the firm’s Audit Services... The post RKL...
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