Performing manual processes can seem like constantly rolling a boulder uphill. In addition to internal policies and procedures for operational efficiencies, organizations may be required to generate, review, reconcile, approve, and submit reports to conform to an alphabet soup of state, federal…
Internal controls are policies, procedures, and technical safeguards that protect an organization's assets by preventing errors and inappropriate actions. These controls fall into three broad categories: detective (to detect errors or irregularities), preventative (to prevent undesirable events
This is one of two articles about how companies may benefit from the R&D tax credit.
There are clear benefits to automation and analytics, but the cost of implementation can be substantial to develop these tools from scratch. Whether starting off small to manage budget, or standing…
With several GASB statements and updates going into effect, now is the perfect time for a refresher on those that are effective for June 30, 2022, financial statements, as well as recently released GASB statements that will require attention in fiscal…
State and local governments must understand the ever changing risks that impact their organization. Continued workforce and supply chain shortages, along with the evolving way in which we operate and do business for our stakeholders requires keeping a…
Does your organization have effective internal controls in place? In today’s regulatory environment, implementing and maintaining a strong system of internal controls is more important than ever. This is especially true if your company is required by federal law to file annual reports on the…
What’s Inside
Today’s business environment is highly automated and globally connected. Remote workforces are common and businesses face increasing expectations for transparency. The COSO Internal Control-Integrated Framework acknowledges these evolving risk factors, while codifying
Specific principles for developing and maintaining effective internal controls are listed in Internal Control — Integrated Framework. Originally released in 1992 by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and updated in 2013, the framework lists the following…
Morgan Page discusses digital transformation and automation and its positive impact on government agencies.
Key Points:
Digital transformation can help accelerate growth and foster innovation Government digital transformation requires less…
Early in 2020, the Centers for Medicare & Medicare Services or ‘CMS,’ expanded its COVID-19 Accelerated Advanced Payments (CAAP) program to include additional Medicare providers and suppliers. These advance payments are designed to provide a needed funding injection during periods of…
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