Dennis Gardiner, CPA, Managing Partner Governor Kim Reynolds has signed Senate File 608 into law, introducing key changes to the regulation of grain dealers and warehouse operators in Iowa. The new legislation aims to enhance the financial integrity and accountability within the state’s grain industry. A central component of the bill is the revision of...
keep readingMatt Gardiner, CPA, CFE, Partner Every business faces financial risks from both internal and external sources. Internally, weak segregation of duties, unchecked authority, and over-reliance on trust can create opportunities for misconduct. Externally, vendor fraud, cyberattacks, and third-party schemes often exploit oversight gaps. Addressing these risks requires a proactive, multi-layered approach. Internal Fraud: Preventing internal...
keep readingElizabeth Thyer, CPA, Partner Something new for the audit for the fiscal year ended June 30, 2025, will be the implementation of Governmental Accounting Standards Board Statement 101, Compensated Absences. The objective of this standard is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated...
keep readingDennis Gardiner, CPA, Managing Partner In 2025, cybersecurity is no longer a back-office function—it’s a strategic business imperative. As digital ecosystems expand and threats become more advanced, organizations face escalating pressure to not only defend their systems but also demonstrate strong cyber governance at the highest levels. The Threat Landscape: Breaches, Nation-State Hacks, and Malware...
keep readingGreg Cargin, CPA, Partner “Your success isn’t based on your ability to simply change; it is based on your ability to change faster than your competition, customers, and business.” This insightful quote encapsulates many of the shifts we’ve observed in the cooperative sector in recent years. These changes are not only persistent but accelerating, emphasizing...
keep readingRobert Bell, CPA, Partner Starting January 1, 2025, Iowa’s individual income tax rate will be cut to a 3.8% flat rate for all taxpayers, a decrease from the top income tax rate of 5.7% in 2024. Governor Reynolds signed the flat tax law in May of 2024, which accelerated the tax reductions stemming from a...
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