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

Shocking Report on Audit of US Military… Reported by Reuters

According to an article from, an auditor has found that the U.S. Army fudged its accounts by trillions of dollars.  “The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.”  Follow the link below to read

Veterans Get Expanded College Assistance Under Trump

Veterans are getting expanded college assistance under Trump after he signed a new measure into law this past week.  Veterans will get additional payments for any engineering, science or technologies courses that they take.  See the following article from Federal News Radio for more information!   Veterans get expanded college assistance under Trump

Four Best Ways to Use Advanced Analytics

The best analytics practices will tend to serve the following four purposes:  gain deeper insights, identify root causes, assess market competition, and identify and manage risk.  See the following article from CGMA Magazine for more information on this topic!  

Pentagon Fixing Problems that let Fake Federal Agency get $1.2 Million in Military Hardware

Undercover GAO agents were able to purchase $1.2 million in military equipment by posing as a fake federal law enforcement agency. Although the Pentagon is now in the process of fixing these security issues brought to light by this audit, some congressional members want the program suspended. See the following article for more information! Pentagon

Potential for No More DCAA Incurred Cost Audits!

There is a potential that defense government contractors will no longer see DCAA incurred cost audits beginning October 1, 2018, according to Aronson Fed Point.  A new board has been appointed for Fiscal Year 2017 to oversee cost accounting standards across all of the Department of Defense.  See the following article from Aronson Fed Point