Most accountants are familiar with the first in, first out (FIFO) and last in, first out (LIFO) inventory pricing methodologies. These are also two of the most common tracing
On April 4, 2024, the Office of Management and Budget (OMB) released updates to the OMB Guidance for Grants and Agreements (the Uniform Guidance). The revised Uniform Guidance — now called the "OMB Guidance for.
On October 3, 2023, the Defense Contract Audit Agency (DCAA) issued a Memorandum for Regional Directors (MRD) revising its audit guidance related to the cost impact calculation.
Ignition and combustion hazards are present in all oxygen and oxygen-enriched systems, and catastrophic fires have occurred in nearly every industry that uses oxygen.
While there are prescribed standards for conducting several types of audits, external software license audits remain unregulated and ripe for legislative intervention.