To assist organizations with their transition to the new accounting standard, Dean Dorton is now providing lease accounting managed services.
Much like the previous changes to revenue recognition, the new leasing standard can be a complex accounting standard to navigate. This article gives you an overview of key focus areas that should be considered in evaluating leases, especially those where the lessor is a related party.
We believe that all organizations should have an internal audit function; however, the structure and size of the internal audit function will vary greatly depending on the size and complexity of the organization.
In an article published in the Summer 2016 edition of our newsletter titled “Be Aware of Changes in Lease Accounting,” we introduced readers to upcoming changes in lease accounting under Generally Accepted Accounting Principles (GAAP). The effective date for the new lease accounting standard – known as FASB Accounting Standards Codification (ASC) 842, Leases – is rapidly approaching.
While current examples of Environmental, Social, and Governance (ESG) programs are on the larger scale, even small and medium businesses can make impactful sustainability goals aligned and reported on through ESG metrics. A focus on sustainability and transparency with these metrics are a growing trend.
Companies view the importance of social, climate and other non-financial factors as crucial for long-term viability and success. A survey by the World Economic Forum found 86 percent of executives agreed that reporting on a set of universal ESG disclosures is important and would be useful for financial markets and the economy.
Dean Dorton can perform American Institute of Certified Public Accountants (AICPA) audits and reviews for alternative funding options with the SEC.
Dean Dorton’s team of IT Audit and Compliance professionals can add value to your organization through our outsourced/co-sourced internal IT audit solutions. Read about our methodology and ask yourself the tough questions to see if outsourced IT Audit services is right for you.
Both non-for-profit and for-profit entities who have received and expended more than $750,000 in Provider Relief Funds (CFDA 93.498) within a fiscal year will be required to have a single audit completed on these funds. Our team of experts hosted a webinar on Thursday, August 13 to provide more information about the Single Audit process and walk through these new requirements
Dean Dorton is adding peer review services to its broad list of professional services offered to clients. Dean Dorton now offers system reviews, engagement reviews, quality control reviews, and pre- and post-issuance reviews for public accounting firms across the nation.
