Audit & Assurance

Performance Audit Update

Jamie Rivette

The Michigan Department of Transportation (MDOT) no longer requires performance audits to be completed and submitted to the department for each recipient of ACT 51 funds. Any costs incurred by municipalities related to these performance audits can be submitted to MDOT for reimbursement. Invoices and fees paid for the performance audit and... Learn More

The ABCs of Your Single Audit

Yeo & Yeo CPAs & Business Consultants

At the recent Michigan School Business Officials conference, Jennifer Watkins presented, “The ABCs of Your Single Audit.” She spoke about how to prepare the Schedule of Expenditures of Federal Awards (SEFA), SEFA reconciliation and notes, and other necessary schedules. She also shared information on hot topics such as Uniform Grant Guida... Learn More

I Love a Good Audit

Yeo & Yeo CPAs & Business Consultants

At the recent Michigan School Business Officials conference, Jennifer Watkins of Yeo & Yeo CPAs and Gloria Suggitt, Michigan Department of Education Single Audit Grant Coordinator, presented, “I Love a Good Audit.” The presentation focused on updates to the Audit Manual and other common issues that the Michigan Department of Educatio... Learn More

Preparing for a Headache-free Audit

Molly Fish

Audits don't have to be stressful with proper preparation. Yeo & Yeo has streamlined its approach to audits. We have implemented procedures to complete the audit efficiently using state-of-the-art technology and our knowledge of ever-changing audit and accounting standards. Our approach balances compliance with providing sup... Learn More

Pro Bono CPA Services for Growing Companies in Michigan

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is going into its fifth year of helping to advance Michigan’s growth by nurturing companies through pro bono services under the Pure Michigan Business Connect initiative. This initiative, developed by the Michigan Economic Development Corporation (MEDC), connects early-stage Michigan com... Learn More

Facing a HIPAA Audit: What to Know

Yeo & Yeo CPAs & Business Consultants

Early in the history of the Health Insurance Portability and Accountability Act (HIPAA), violations typically involved receiving a warning letter from the Department of Health and Human Services (HHS). It was basically toothless and carried no penalties. In 2009, Congress passed the Health Information Technology for Economic and Clinic... Learn More

Three Common Mistakes Found During School District Audits

Molly Fish

It has been a few months since the audit deadline and hopefully everyone has had a chance to breathe a sigh of relief after surviving the implementation of GASB 68. However, it is always important to identify ways that the district can continue to streamline the accuracy and efficiency of its financial records. In hopes of helping Mich... Read More

Has Your Organization Done Everything It Needs to for Compliance with the Uniform Grant Guidance?

Yeo & Yeo CPAs & Business Consultants

If your organization receives federal funds, whether from a pass-through entity, such as the State of Michigan, or directly from the federal government, you need to be aware that the Uniform Grant Guidance 2 CFR 200 is now applicable. Watch our video to learn about those things you need to verify are in place now, before your auditor c... Watch Webinar

FASB Revenue Recognition Training Webinar

Yeo & Yeo CPAs & Business Consultants

In 2015, FASB finalized the long-awaited revenue recognition project. This impacts GAAP financial statements for all for-profits and any not-for-profit entities that have exchange transaction revenues (non-contribution revenues.) Non-public companies must adopt the revenue recognition standard for years beginning after December 15, 2018. ... Watch the Webinar