The “Fiscal Cliff” deal extends beneficial key cost recovery provisions. Bonus depreciation, which was set to expire December 31, 2012, was extended to qualified properties acquired and placed in service prior to January 1, 2014.

You may have noticed in the past few years that your annual audit seems to take longer than it once did. Changes in accounting and auditing standards, increased disclosure requirements, and the unprecedented growth of our clients are causing us to spend more time planning, documenting, and completing our audit procedures than ever before.

1. Does the person who handles incoming cash receipts also record transactions? 2. Is a cash register used in the business? 3. Is a bank lockbox used for processing customer payments? 4. Are deposits made daily and secured prior to depositing in a safe?

Save the date for our free seminar on cyber liability and crime! When: Tuesday, April 30th, 2013 from 10 AM- 12 PM Where: Hilton Garden Inn, 8600 Northpark Drive, Johnston, IA 50131 RSVP: [email protected] We hope to see you there!

Occupational fraud is a scheme in which an employee abuses the trust placed in him or her by an employer for personal gain. Its formal definition is: The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.

Cooperatives-What We Expect to See in 2013