GRF CPAs & Advisors is a professional services firm providing audit and assurance, tax services, outsourced accounting, and advisory solutions to clients worldwide. Since 1981, the firm has worked with nonprofits, associations, government contractors, other for-profit businesses, and individuals. For more about our services or to request additional information, visit our website at
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The Auditing Standards Board of the American Institute of CPAs, has released a new auditing standard that will impact nonprofits, private companies, and governmental entities. Statement on Auditing Standards (SAS) 145: Audit Evidence is effective for audits of financial statements for periods ending on or after December 15, 2022. In other words, SAS 145 will generally be applicable beginning with audits of the year ending December 31, 2023. Now is the time to make sure that your organization is ready for the new audit evidence requirements. Announced by the Financial Accounting Standards Board (FASB) in 2016, Accounting Standards Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326), which is also referred to as Current Expected Credit Losses (CECL), will be applicable beginning with fiscal years ending on December 31, 2023. CECL is not just for financial institutions – it also applies to nonprofit organizations. Accounts receivable from exchange transactions under ASC 606 will be affected by this new standard. Going forward, except in very limited situations, you MUST record an allowance for expected credit losses against these types of receivables. Join us for a power-packed webinar as we explore and summarize the recently issued audit and accounting standards. This webinar will be interactive, including time for Q&A and a step-by-step guide on how to calculate the allowance for expected credit losses.
Early detection can limit the impact of fraud, and insider tips are by far the most effective source. Having a comprehensive whistleblower program in place is a powerful tool for identifying this potential fraud or misconduct.Join GRF as we discuss the process for establishing a secured incident reporting platform that includes online reporting, document upload, case management, and reporting functionality – backed by a team of forensic accounting experts who will investigate incidents and guide you through mitigation and prevention measures for the future.
Join GRF and Wiss for an engaging panel discussion among Enterprise Resource Planning (ERP) software experts aimed at helping organizations develop a successful strategy for implementation. The presenters will walk participants through the key phases of implementation and note opportunities and potential pitfalls along the way. Participants will come away with proven industry best practices to guide their organizations through a successful ERP implementation.
Early detection can limit the impact of fraud, and insider tips are by far the most effective source. Having a comprehensive whistleblower program in place is a powerful tool for identifying this potential fraud or misconduct. Join GRF as we discuss the process for establishing a secured incident reporting platform that includes online reporting, document upload, case management, and reporting functionality – backed by a team of forensic accounting experts who will investigate incidents and guide you through mitigation and prevention measures for the future.
Join state tax specialist Karen Syrylo, CPA, and GRF tax partner Dick Locastro, CPA, JD for a deep dive into sales/use tax issues and practical solutions for implementation. The session will examine key parameters to ensure sales tax compliance, risk mitigation strategies, and a general understanding of economic nexus laws surrounding the collection of sales tax.