Government

Business owner

Five Questions Auditors Wish Clients Would Ask

David R. Youngstrom

We go through the annual audit process and it can at times seem routine but, in truth, how routine is anything nowadays in the finance department, business office or just in general? The real truth is that it is an opportunity worth seizing. This is the chance to ask your auditor questions in an ever changing environment. I have pulled t... Learn about the five questions

Records

Records Retention Guidelines to Remember During Spring Cleaning

Yeo & Yeo CPAs & Business Consultants

Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it's important to review these guidelines. Federal Tax Records Most tax advisors recommend that you retain copies of your finished tax returns indefinitely to prove that you actually filed. Even if you don't keep th... Learn more

Fraud

Look Out for These Five Fraud Perpetrators

Amy Buben

The Embezzler. The Common Thief. The Hacker. The Inventor. The Glutton. No, these aren't cartoon villains. They're all-too-real occupational fraud perpetrators who fleeced their employers of thousands — or even millions — of dollars. Although we've attached the names to actual criminals in cases reported by the U.S. Justice D... Look out

Award

Alan Panter Receives CGFM Credential

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is pleased to announce that Alan D. Panter, CPA, Principal, has achieved the Certified Government Financial Manager (CGFM) credential, awarded by the Association of Government Accountants (AGA). “The CGFM credential is considered the mark of excellence in federal, state and local government,” say... Learn about Alan's CGFM Credential

Business Strategy

Public Act 202 of 2017 – Uniform Assumption Requirements

Michael L. Rolka

Public Act 202 of 2017 requires governments to prepare additional reporting for pension and other post-employment benefits (OPEB) plans using Form 5572. By this time, every government that has had this reporting requirement has filed this form, and the potential waivers or corrective action plans to address underfunded status. For primary ... Learn more about Public Act 202