Industry News & Updates
Whistleblower Programs – A Strong Fraud Identification Tool
As a result of the financial crisis in 2008, and many financial scandals of the prior decade, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) was created to better impose regulations on banking and other financial institutions.[1]...
COVID-19 and Its Impact on Judgments and Estimates in Financial Statements
The impact of the COVID-19 pandemic has changed the business environment and affected all aspects of business operations. Judgments and estimates now need to take into account these new changes. Management must refocus their judgments and estimates relative to almost...
Operationalizing ASC 606 Within a Government Contractor
Many of the areas impacted by ASC 606 have been treated with short-term solutions that are not only inefficient but may conceal key issues. Now is the time to fully assess relevant functions and related processes to identify inefficiencies and opportunities for...