Tag Archives: Audit

New Round of Audit Notifications Sent to Federal Contractors

For federal contractors, affirmative action plan (AAP) audits may be just around the corner. The U.S. Department of Labor Office of Federal Contract Compliance Programs sent 750 courtesy scheduling announcement letters (CSAL’s) last week to federal contractors, notifying them that … Continue reading

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PCAOB report: Fewer independence violations, but audit deficiencies remain high in broker-dealer audits

By Amanda Maine, J.D. The PCAOB’s report on its 2017 inspections of auditors of brokers and dealers reveals that while staff found fewer independence violations, the overall number of audit deficiencies remained high. According to the PCAOB, the collective efforts … Continue reading

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How Independent Audits and Audit Committees Protect Nonprofits

A nonprofit’s viability may depend heavily on the organization’s financial credibility. Proper financial management is essential to the health of any nonprofit and may be pivotal to the protection of the organization’s mission and consequent effectiveness and efficiency. Independent audits and … Continue reading

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Tax Audit Aftermath-Did You Tell The State?

One of the bedrock pieces of the discharge of taxes in in bankruptcy is the requirement to have filed a return. No return, no discharge of that year’s taxes. But it gets more nuanced:  in California when the feds audit … Continue reading

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Old And Cold – Audit Rights And Claim Cut-Offs

PrintIs there a time to let old things die? We are qualified to answer that question when it comes to matters emotional, but when it comes to “business,” Ruminations only has some thoughts. Today, we’ll discuss chasing people who owe … Continue reading

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