On January 9, 2024, the highly anticipated updates to The Institute of Internal Auditors (IIA) Global Internal Audit Standards were released, marking a significant update in modernizing the previous version that
GSA MAS Professional Services GSA Multiple award schedule (MAS) Contract #: GS-00F-144CA Sikich CPA LLC holds the following MAS Professional Services SINs: SIN SIN Title 541211/RC/STLOC Auditing Services 541219/RC/STLOC Budget
Accounting professionals have undoubtedly been busy for some time now. COVID-related opportunities and disruptions on top of increased employee turnover have resulted in prolonged battles for the top of many
Click for a tutorial of the Sikich Lessee Ledger tool SCOPE Q: Does ASC 842, Leases, apply to my organization? A: If your organization issues financial statements in accordance with
As you aim to deliver the best possible customer experience, you aim to keep customer interactions efficient, productive, and pleasant. Customers appreciate being known and understood by their provider of
If you haven’t already implemented the new lease accounting standards under FASB ASC Topic 842 or GASB Statement 87, the deadline is quickly approaching. FASB ASC Topic 842: effective for
In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. The standard is intended
The revised deadline for implementing the new lease accounting standards (ASC 842) for private companies is fast approaching. Private companies are required to adopt the new lease accounting standards for
New Lease Accounting Standards Regardless of the nature of your operations, nearly all organizations have to implement the new and complex lease accounting standards – which will dramatically change how you account for some leases. Are you ready? related insights For More Info Effective
On April 8, 2020, the Financial Accounting Standards Board (FASB) proposed the deferral of Accounting Standards Update No. 2016-02, Leases (Topic 842), and subsequent amendments, commonly known as the lease
Your organization’s audit might not be top-of-mind at the moment due to changing legislation relative to COVID-19. That said, it’s important for not-for-profits to keep up with updates to auditing
Frequently asked questions about the Shuttered Venue Operators Grant (SVOG) Sikich’s team of Shuttered Venue Operators Grant (SVOG) and federal grant audit specialists field many questions related to SVOG every
You applied for and received a Shuttered Venue Operators Grant (SVOG). Now that it’s time for an audit of those funds, how can you prepare? There are a number of
The Shuttered Venue Operators Grant (SVOG) was provided to eligible for-profit entertainment businesses for COVID-19 relief. The federal grant – equaling more than $16 billion – aids entertainment businesses in
Managing and keeping up with updates, patches, and enhancements can be an overwhelming task. However, the concept of managing software through Autopilot is revolutionizing the way organizations handle their digital
Those of you following basketball know that March Madness is here, and basketball has taken center stage. But for us, at Sikich, our heads are more in the game of
Documentation is a vital part of any organization, whether it is for internal or external purposes. It helps communicate information, establish standards, ensure consistency, and demonstrate compliance. However, the process
Efficiency on the shop floor is not just a goal; it’s a crucial element defining the success of your rolled goods manufacturing operations. Here are three key factors that can
A CIO, or chief information officer, plays a key role in optimizing business processes through the use of information and computer technology systems. That said, it’s an executive-level position, meaning
In September 2023, California Gov. Gavin Newsom signed Senate Bill No. 553 (SB 553) into law, the first of its kind in the nation. The new law requires nearly all
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