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Accounting for the Receipt and Expenditures of Emergency Connectivity Fund (ECF) Funding
February 24th, 2022
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Audit |
COVID-19 Relief Services
Congress authorized the Emergency Connectivity Fund (ECF) as part of the American Rescue Plan Act of 2021 (CFDA/ALN 32.009). The ECF Program will cover reasonable costs of laptop and tablet […]
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Accounting for Food Service-related Revenues and Expenditures (Updated)
February 24th, 2022
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Audit |
COVID-19 Relief Services
NEW (January 2022): Accounting for Pandemic EBT (P-EBT) Local Costs Grant The P-EBT Local Level Administrative Cost Grant is a federal award (CFDA#10.649). Accounting guidance for these funds is as […]
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Accounting for Emergency Relief Funds Under the American Rescue Plan Act
February 24th, 2022
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Audit
Revenue and Expenditure Recognition Considerations Elementary and Secondary School Emergency Relief (ESSER III) Formula Funds received under the American Rescue Plan (ARP) Act through MDE should be recorded as federal […]
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Expense Report Fraud
February 21st, 2022
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By Sarah Jennings |
Accounting & Outsourced Solutions
“Everyone Does It.” Fudge Pad Exaggerate Cushion Inflate All of these are euphemisms that are used to trivialize expense report fraud. Employee fraudsters rationalize their dishonesty by minimizing the fraud […]
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ERISA Update and Outlook for 2022
February 16th, 2022
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Audit
Employers have spent the last two years dealing with many challenges and disruptions, and they are now looking to move forward in 2022 against a backdrop of economic and pandemic-related […]