Strong internal controls are a key part of effective state and local government operations. They reduce the chance of errors, make it easier to catch problems early, and support accountability at every level. Taking time to understand these controls can lead to better oversight and stronger public trust.
The Virginia Enterprise Zone (VEZ) Program, a partnership between state and local governments, offers businesses a unique opportunity to expand their operations while reducing costs. Learn about one of the key incentives provided under this program is the Job Creation Grant (JCG), designed to encourage businesses to create new jobs in designated Enterprise Zones across the state.
What are the key qualities organizations should be looking for in an auditor today? As businesses navigate the challenges of 2025, the role of auditors has expanded. Auditors now play a crucial part in addressing areas like cybersecurity, risk management, and strategic planning, beyond traditional financial reporting and compliance.
Single audits are essential for ensuring that organizations managing federal funds adhere to compliance requirements. While many programs are covered by specific rules in the OMB Compliance Supplement, others are not, requiring auditors to rely on Part 7 of the supplement. Learn more on what you should know about Part 7.
The Virginia Enterprise Zone (VEZ) Program provides businesses with exceptional opportunities to invest in property development and rehabilitation while benefiting from state government incentives. Learn more about this program and if you are eligible.
Though ESG disclosures are not yet a mandatory part of most financial audits, businesses are increasingly seeking assurance services from CPAs to verify the accuracy and reliability of these reports. Learn how in this new era, CPAs have a vital role to play.
SOC examinations are a critical component of a service organization’s risk management strategy. Learn about how their value is entirely dependent on the quality of the examination process.
Enterprise Zones (EZs) are a key economic development tool, offering tax and monetary incentives to businesses investing in distressed areas. These benefits typically include tax credits, property tax abatements, and sales tax exemptions, which lower the cost of doing business within the zone. Learn more about the state participation, potential benefits, and eligibility requirements.
Learn about the corrective distribution deadline associated with failed ADP/ACP testing related to requirements for traditional 401(k) plans that haven't adopted safe harbor provisions.
In this article, we’ll discuss recommendations from the Government Finance Officers Association (GFOA) about best practices for measuring portfolio risk and return against market indexes and benchmarks.
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