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  • Why cannabis companies should work with an accounting advisor
    The cannabis industry is rapidly growing and is here to stay. This market is projected to reach an economic impact of $70 billion in the U.S. by 2021. Entrepreneurs are taking the leap into the cannabis industry to try to capitalize on this rapidly growing market. And while this is an exciting tim..
  • Can blockchain transform accounting?
    Blockchain is a disruptive technology that erupted during the height of the bitcoin craze. But while this technology is typically thought of for cryptocurrencies, blockchain capabilities extend far beyond bitcoin transactions. Across industries many companies have allocated resources to disco..
  • Native American and Tribal Audits
    Native American audits and accounting needs are as unique as every tribe. Since tribes are sovereign nations, they have a fiduciary responsibility to conduct audits. These tribal audits can be complex and difficult to navigate, which is why we created this short guide to understanding your Native Am..
  • The Essential Guide to Nonprofit Audits
    If you’re running a non-profit organization, there’s a good chance you’ll need a financial audit at the end of the fiscal year. This is different and not to be confused with an IRS audit, which can make an audit sound intimidating. A nonprofit audit, however, is conducted by an independent auditor o..
  • When does an employee retirement plan need an annual audit?
    Employee retirement plans, including 401(K) and 403(B) plans, must follow various rules and limitations defined by the government, as well as the employer. An annual audit by a certified public account is part of these requirements, but not all retirement plans require it. Three factors come in..
  • Uniform Guidance (Super Circular)
    The Office of Management and Budget (OMB) has hand out the much-awaited final rule titled “2 CRF Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards”. This rule is also acknowledged as the “Super Circular,” which has streamlined eight federal regu..
  • Internal Control for Small Entities
    You might have heard that internal control for small entities is a nightmare. My experience made it clear that segregation of mismatched duties is a usual scenario among smaller entities, due to which internal control isn’t existing there. When you enquire any small entities on what they think of i..

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