Audit News - Beene Garter, A Doeren Mayhew Firm

4 Ways to Prepare for Next Year’s Audit

Posted November 14, 2023

Every fall, CPAs are busy preparing for audit season, which generally runs from January to April each year. This includes … Read More

IRS Issues Guidance on New Retirement Catch-up Contribution Rules

Posted September 19, 2023

In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping … Read More

Why Some Small Businesses Are Switching to Tax-Basis Reporting

Posted August 17, 2023

Accrual-basis financial statements are considered by many to be the gold standard in financial reporting. But with the increasing cost … Read More

Employers: Are You Tracking Hours for Your Part-Timers’ 401(K) Eligibility?

Posted August 3, 2023

The recently passed Setting Every Community Up for Retirement Enhancement Acts (SECURE Act) of 2019 and 2022 created more retirement … Read More

Is It Time To Update Your Accounting Practices?

Posted February 1, 2023

If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done … Read More

Business colleagues working on audit reports

Why Auditors Prefer In-Person Interviews To Assess Fraud Risks

Posted November 29, 2022

Auditing standards require financial statement auditors to identify and assess the risks of material misstatement due to fraud — and … Read More

Business woman analyzing financial documents

Accounting 101: Levels of Assurance

Posted September 13, 2022

A financial expert’s analysis is only as reliable as the data it’s based on — and all financial statements aren’t … Read More

Key Changes Impacting Federal Single Audits

Posted July 13, 2022

The U.S. Office of Management and Budget (OMB) released the 2022 OMB Compliance Supplement in May 2022, which will impact … Read More

Business Professionals determining the impacts of inflation.

7 Ways Inflation Could Affect Your Financial Statements

Posted June 16, 2022

Business owners and investors are understandably concerned about skyrocketing inflation. Here are notable increases that occurred in 2022. The consumer … Read More

Audit team planning attest services in office

We Explain Attest & Nonattest Services. Which One Is Right For Your Business?

Posted May 17, 2022

When hiring a public accounting firm to provide audit services, do you understand all the service options and how they … Read More

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