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.
(authored by RSM US LLP) Do not delay your GASB 87 lease implementation efforts because of the postponement of the GASB 87 effective date.
The GASB recently issued guidance on the accounting for subscription-based information technology arrangements.
(authored by RSM US LLP) State and local government entities ensure compliance of successful reimbursement of CARES Act, COVID-19 and other grant expenditures.