Taking the Risk Out of Risk Assessment

“Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an understanding of the entity and its internal control to vouching transactions back to vendor invoices. However, more than a decade after the 2006 Risk Assessment Standards

Know Basic Business Fraud Warnings

“From hourly employees skimming the cash register to top executives fudging their revenue numbers, fraud is an unfortunate fixture of the business landscape.  But while fraud may be a constant concern, falling victim to it isn’t inevitable.  Here are some red flags that experienced forensic accountants look for, and advice for ways to ferret out

Defining Risk Management In Your Organization

“Risk oversight and risk management are high priorities on the agenda of most organizations.  The first step to defining risk management goals and risk management objectives is to define your organization’s shared vision. Once the shared vision is articulated, overall risk management goals and objectives must be defined. While a vision statement is often aspirational, the

TJG Named a Distinguished Service Awards Nominee!

TJG named a Distinguished Service Awards Nominee! The Distinguished Service Awards: Honoring Veteran, Businesses & Leaders in Greater Washington celebrates individuals, companies, and non-profit organizations for their service to veterans in the Greater Washington business community. The Awards are presented in recognition of community stewardship and business leadership.

TJG AWARDED OPTION TO EXTEND BY HUD/OCFO

TJG earns Option Year 2 Award from the U.S. Department of Housing and Urban Development (HUD) to provide technical expertise to support HUD’s financial statement preparation process, including to prepare the cost allocation study and other data for the Department’s Annual Financial Report required by OMB Circular A-136. The award included a base plus four

TJG Awarded HUD Contract

May 07, 2018 TJG won a contract to provide Financial Assessment Subsystem (FASS) quality assurance services to the Department of Housing and Urban Development (HUD), Office of the Chief Procurement Officer. HUD is responsible for enforcing fair housing laws, addressing America’s housing needs via programs and policy, and developing and improving America’s communities. Under this

Report Finds Big Fraud Problems for Small Businesses

A report conducted by the Association of Certified Fraud Examiners states that small businesses with 100 or less employees are more likely to experience fraud than their larger business counterparts (companies with more than 100 employees). This can spell big, not to mention expensive, problems for small business. To read the article “Report finds big

Audit Independence & Consulting: Where is the Line?

“For public accounting firms, there is a clear independence line between auditing the financial statements of a business and also handling the accounting. However, as the variety of consulting services offered by CPA firms and the associated fees grow, the waters of independence can become muddy.” (Bill Thompson, 2018) Read the article linked below from