Assurance / Audit

Indirect Cost Rate Audits: The Basics

As a contractor or engineer you may have considered bidding on projects at some point in time that required an indirect cost (or overhead) rate audit. The information below will provide you with a basic understanding of what to expect during an indirect cost rate audit. Often times if you are working with a federal, […]

Webinar – Accounting Technical Updates: What has the FASB been focused on?

McKonly & Asbury is pleased to announce our next webinar entitled “Accounting Technical Updates: What has the FASB been focused on?”  This webinar will take place on Tuesday, August 22nd, 2017. This webinar will be hosted by McKonly & Asbury Partner Janice Snyder and Partner Michael Hoffner. This webinar will present a high level overview of […]

Webinar Recap – Application of the New Revenue Standard

This webinar entitled “Application of the New Revenue Standard,” was originally produced on Thursday, June 15, 2017. We hope that you enjoy the full recording of the presentation and additional resources offered below. This webinar was hosted by McKonly & Asbury Partner Janice Snyder and Partner Dan Sturm. This webinar provided a summary of key points […]

The Purpose of Internal Audit

Internal audit (and external audit), as a business function can seem to serve different purposes based on one’s perspective. For the board, it may seem to serve as a process to review what management is doing and how, and for management, it may seem to be an intrusive process designed to confirm things that are […]

Register for McKonly & Asbury’s Collaborate 2017 Conference!

Join McKonly & Asbury on September 21st for our Collaborate 2017 Conference! This 5th annual conference features a variety of topics and speakers, customized to past participant feedback, as well as to what’s trending in the business community. It will take place on Thursday, September 21, 2017 at the Hershey Lodge. Highlights of our Collaborate 2017 Conference include: […]

Office of Management and Budget Extends Uniform Guidance Procurement Grace Period

On May 17, 2017, the Office of Management and Budget (OMB) issued an amendment to the Uniform Guidance whereby the grace period for implementing the procurement standard changes has been extended by another year. The procurement standards are one of the more significant changes to come from the Uniform Guidance, introducing more defined policies and […]

The LEAN Profit and Loss Statement – The Future of Accounting

LEAN accounting. No, it is not about how to make your accounting department leaner through better eating habits (although being in the middle of year-end and tax season I would imagine good eating habits went right out of the window). What LEAN accounting is about is building a financial model and results around an accounting, […]

Health Care Entities and the New Revenue Recognition Standard

On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. The standard eliminates revenue recognition guidance under current U.S. Generally Accepted Accounting Principles, and replaces it with a principles-based approach for determining revenue recognition. This standard is effective for public companies with annual periods […]

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