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Assurance Archives - Delap CPA

09 Mar

Verify Before You Trust: Implementing A Validation Policy For Your Company

It’s that time of year again; fraudsters are out in droves looking for ways to obtain data about you and your employees in order to cash in on filing fraudulent tax returns! So what are a few steps you can take as an employer to reduce the risk of unknowingly providing fraudsters with the very […]

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24 Mar

RFID Security – Have You Left Your Doors Open? Part Three: How to Avoid an Attack

March 24, 2016 | By | No Comments

So, how should organizations be mitigating these significant risks to their environments? For one, the notion that having RFID physical access control systems guarantee that they are secure needs to be abolished. It is far too often forgotten that there are no “silver bullets” in security and RFID security is a perfect example. Organizations need […]

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06 Aug

Keeping Up With GAAP – Inventory Measurement

August 6, 2015 | By | No Comments

For as long as we can remember, well – for most of us, generally accepted accounting principles (GAAP) requires inventory to be recorded at cost and subsequently measured at the lower of cost OR market. Sounds easy, but market could mean replacement cost, net realizable value, or net realizable value less an approximately normal profit […]

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20 Jan

Need an Auditor? Think Before You Hire.

January 20, 2015 | By | No Comments

Employee benefit plan (EBP) administrators are hearing a lot about their fiduciary responsibility requirements from service providers (See April 14th Blog Post – Employee Benefit Plans & Responsibilities of Plan Fiduciaries), and the recent case of Lockheed Martin being sued by participants for mismanagement of their plan (Lockheed Martin) further illustrates the importance of fiduciary […]

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18 Nov

Compilation or Review? What’s Best for Your Company.

November 18, 2014 | By | No Comments

Some of the most well-known services provided by public accounting firms include tax, consulting, and audit. In reality, those offerings are just the tip of the iceberg, as the saying goes. Here at Delap LLP, in addition to tax, consulting, and audit, we also perform review and compilation engagements. But what exactly are reviews and […]

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