audit readiness Archives - Management Concepts Perspectives

Posted by Management Concepts on Sep 4, 2014

How Do I Value My Assets? Understanding Federal Financial Accounting Technical Release #15

Accumulating costs for the purposes of properly capitalizing assets can be very challenging for agencies with large complex acquisitions. For agencies like DoD and NASA, asset capitalization can be especially difficult. In fact, appropriately valuing assets is one of the most significant challenges to audit readiness. The Federal Accounting Standards Advisory Board’s (FASAB) most recent […]

Posted by Management Concepts on May 15, 2014

Making Progress Toward Audit Ready Financial Statements

As the Department of Defense nears the FY 2017 deadline for asserting audit ready financial statements, managing risks to meeting the requirements of the National Defense Authorization Acts becomes increasingly important. Today, DoD is making progress in implementing internal controls to manage financial reporting risks, but is doing very little to identify and manage program […]

How Do I Value My Assets? Understanding Federal Financial Accounting Technical Release #15

Making Progress Toward Audit Ready Financial Statements

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