GRF On-the-Go Podcast

Each year, the U.S. Office of Management and Budget (OMB) updates the Compliance Supplement, which provides auditors with the federal government’s expectations for what they should be addressing as they perform single audits of federal programs under the Uniform Guidance. Understanding these updates and monitoring the developments centralized around single audits will keep your organization compliant and avoid potential findings.

Are you in the loop when it comes to the latest guidance issued by DCAA?Join GRF Principal of Outsourced Accounting & Advisory Services and GovCon expert, Paul Calabrese, who will review DCAA’s current guidance on audit procedures including incurred cost proposals, business systems and defective pricing. The session will also cover the contractor submission portal, cost guidebook, information for contractors, contractor surveys and business system NDAA.

In this engaging session, we’ll guide you through an immersive journey where technology meets security, and human expertise joins forces with artificial intelligence to fortify your cybersecurity defenses. Our expert speakers will provide practical insights and actionable strategies to help you stay ahead of cyber threats and navigate the complex world of compliance obligations.

The Auditing Standards Board of the American Institute of CPAs, has released a new auditing standard that will impact nonprofits, private companies, and governmental entities. Statement on Auditing Standards (SAS) 145: Audit Evidence is effective for audits of financial statements for periods ending on or after December 15, 2022. In other words, SAS 145 will generally be applicable beginning with audits of the year ending December 31, 2023. Now is the time to make sure that your organization is ready for the new audit evidence requirements. Announced by the Financial Accounting Standards Board (FASB) in 2016, Accounting Standards Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326), which is also referred to as Current Expected Credit Losses (CECL), will be applicable beginning with fiscal years ending on December 31, 2023. CECL is not just for financial institutions – it also applies to nonprofit organizations. Accounts receivable from exchange transactions under ASC 606 will be affected by this new standard. Going forward, except in very limited situations, you MUST record an allowance for expected credit losses against these types of receivables. Join us for a power-packed webinar as we explore and summarize the recently issued audit and accounting standards. This webinar will be interactive, including time for Q&A and a step-by-step guide on how to calculate the allowance for expected credit losses.

Early detection can limit the impact of fraud, and insider tips are by far the most effective source. Having a comprehensive whistleblower program in place is a powerful tool for identifying this potential fraud or misconduct.Join GRF as we discuss the process for establishing a secured incident reporting platform that includes online reporting, document upload, case management, and reporting functionality – backed by a team of forensic accounting experts who will investigate incidents and guide you through mitigation and prevention measures for the future.

Join GRF and Wiss for an engaging panel discussion among Enterprise Resource Planning (ERP) software experts aimed at helping organizations develop a successful strategy for implementation. The presenters will walk participants through the key phases of implementation and note opportunities and potential pitfalls along the way. Participants will come away with proven industry best practices to guide their organizations through a successful ERP implementation.

Join state tax specialist Karen Syrylo, CPA, and GRF tax partner Dick Locastro, CPA, JD for a deep dive into sales/use tax issues and practical solutions for implementation. The session will examine key parameters to ensure sales tax compliance, risk mitigation strategies, and a general understanding of economic nexus laws surrounding the collection of sales tax.