OMB Issues 2022 Compliance Supplement
The OMB has released the 2022 Compliance Supplement, which is effective for audits of fiscal years beginning after June 30, 2021.
Smart Cities: Digital Transformation and Municipalities
As technology evolves, more and more public sector entities are seeking to leverage it to solve some of their most vexing challenges.
Single Audit Deadline Delayed by Six Months
On March 19, 2021, the Office of Management and Budget issued a memo directing federal agencies to delay, by six months, the deadline for recipient organizations to submit Single Audits. The new deadlines are September 30, 2021 and March 31, 2022.
Here’s Why Organizations Should Continue to Implement GASB 87
(authored by RSM US LLP) Do not delay your GASB 87 lease implementation efforts because of the postponement of the GASB 87 effective date.
GASB Issues Guidance for Subscription-based IT Arrangements
The GASB recently issued guidance on the accounting for subscription-based information technology arrangements.
3 Steps to Maximizing Federal Grant Compliance
(authored by RSM US LLP) State and local government entities ensure compliance of successful reimbursement of CARES Act, COVID-19 and other grant expenditures.