Certified Public Accountants

News & Events

In the fast paced world we live in news changes quickly. Keep up to date on news, events and more with Sullivan, Rogers & Company.

October 2012
At Sullivan, Rogers & Company, we are committed to achieving the highest quality audits. As you may already know, Sullivan, Rogers & Company is a member of the AICPA's Governmental Audit Quality Center (GAQC), which entitles us with access to key information and comprehensive resources that we use to help ensure our compliance with appropriate professional standards and laws and regulations that affect our audits. Through our membership in the GAQC, we also adhere to membership requirements designed to enhance the quality of our audit practice. We are pleased to inform you that the GAQC has recently launched a new Auditee Resource Center, which is intended to assist procurers of audit services (i.e., auditees). We hope that as an auditee, your organization will take advantage of this great resource.
 
Why a New Auditee Resource Center?
 
The GAQC has long been providing auditors with information, practice aids, tools, and other resources to help improve audit quality. However, the GAQC has also found that auditees are an important factor in the audit quality equation. Well informed auditees with strong governance structures increase the likelihood of high quality audits. Further, such auditees have a stronger understanding about the audit requirements that apply to them; are better prepared for their audits; and more clearly understand their role in the audit process. It is for all of these reasons that the GAQC is adding this new Auditee Resource Center to its arsenal of audit quality initiatives.
 
What is Included in the Auditee Resource Center? 
 
The Auditee Resource Center includes information, practice aids, tools, and other resources (e.g., articles, archived GAQC Web events, and access to certain GAQC Alerts) that should be of most interest and benefit to auditees. Topics covered include information that will be relevant to auditees that undergo: (1) government or not-for-profit organization (NPO) financial statement audits; (2) audits performed under Government Auditing Standards (referred to as Yellow Book audits); (3) audits of federal expenditures made by governments and NPOs (referred to as single audits); and (4) other federally required compliance audits of certain for-profit entities such as banks and housing partnerships. Access the Auditee Resource Center to learn more.

How to Access the Auditee Resource Center?
 
All resources available through the Auditee Resource Center are open to the public. Click on the link to the landing page of the Auditee Resource Page and bookmark the page as one of your favorites. If you do not have the specific Web address handy, you can always access the Auditee Resource Center through the GAQC Web site at: www.aicpa.org/GAQC. Look for the link to the Auditee Resource Center under the "Quick Links" tab on the left side of the GAQC home page.
 
 
Special Announcements - August 2012
 
We are pleased to announce the promotion of Shawn McGoldrick to the position of Supervisor here at Sullivan, Rogers & Company, LLC. Shawn has been with the firm for seven years and has brought a wealth of experience, dedication and value that is not only measured in client satisfaction but in graditude from the firm.
 
Please join us in congratulating Shawn on his well-deserved promotion.  
 
James Piotrowski passed the final portion of the CPA exam and is currently in the process of becoming a licensed Certified Public Accountant in the Commonwealth of Massachusetts. James put in a tremendous effort to achieve this worthy accomplishment, passing all four sections of the CPA exam in less than one year.
 
Please join us in congratulating James.
  
Sean McQuarrie passed the final portion of the CPA exam and is currently in the process of becoming a licensed Certified Public Accountant in the Commonwealth of Massachusetts. Sean was able to pass the CPA exam in under one year while also balancing weekly volunteerism at local community organizations. 
 
Please join us in congratulating Sean.
 
 


 July 2012
 
On June 25, 2012, the Governmental Accounting Standards Board (GASB) issued Statement No. 67, Financial Reporting for Pension Plans, and Statement No. 68, Accounting and Financial Reporting for Pensions. Statement No. 67 revises the current guidance for the financial reports of pension plans while Statement No. 68, among other things, requires employers to report their net pension liability on the Statement of Net Position. Please click here to read GASB's new release related to this substantial change to governmental financial reporting.
 
 
 
June 2012

On June 15, 2012 the Massachusetts Society of Certified Public Accountants (MSCPA) held its annual government accounting and auditing conference at the Sheraton Hotel, Framingham, MA. Topics include Department of Revenue update, municipal health insurance reform, GAAP update, Single Audit update, GASB 43 and 45 update as it relates to the health care reform act - Chapter 32B Section 20.
 
Guest speakers include Gerald Perry, Director of Accounts, Department of Revenue; Pam Kocher, Director of Local Policy, Executive Office for Administration and Finance; Lisa R. Parker, CPA, Project Manager, GASB; and other leaders in the field of governmental accounting and auditing including Christian Rogers, CPA, Shareholder of Sullivan, Rogers & Company.
 
For full program details, click here.
 
The 106th annual conference of the Government Finance Officers Association (GFOA) took place June 10th through the 13th, 2012 in Chicago, Illinois. The GFOA annual conference offers a uniquely cost-effective way to obtain reliable, timely, and practical guidance on the latest strategies, tools, and techniques in each of the major areas of public finance:

  • Accounting, auditing and financial reporting
  • Budgeting and financial planning
  • Debt Management
  • Management Policy  
For more information on the conference please log onto http://www.gfoa.org/