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SalmonBeach Becomes Salmon Sims Thomas
As
of June 1st, SalmonBeach will change its name to Salmon Sims
Thomas, as Bill Sims and Rick Thomas are added to the firm's name. Bill
Sims is a Partner, Vice President and Director at Salmon Sims Thomas
and heads up the firm's nonprofit division. Rick Thomas, also a
Partner, manages the firm's audit department as well as the career
school team. Both Bill and Rick have provided valuable leadership and
professional skills to the firm for years, and the change furthers our
commitment to providing quality and innovative service to nonprofit and
career school clients, as well as all the industries we serve.
Our address and phone numbers will not change. Please make note of our new Web site address:
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Handling Conflicting Information
By Katie Clinton
Generally
speaking, financial aid administrators only need to resolve conflicting
information when the discrepancy affects eligibility or is of
sufficient magnitude to materially affect the amount and types of aid.
READ MORE |
All Auditors are NOT created equal
By Carol Cataldo (reprinted with permisssion)
Let's
talk auditors. They're definitely not all created equal...nor are all
experienced or knowledgeable. And, yes, some do push the envelope.
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| Changes in Audit Standards - Understanding SAS 112
The
American Institute of Certified Public Accountants' (AICPA) Auditing
Standards Board issued a new code of standard in May 2006 regarding
communication of internal controls. The document, Statements on
Auditing Standards No. 112, (SAS No. 112) is applicable whenever an
auditor expresses an opinion on financial statements (including a
disclaimer of opinion). It is effective for audits of financial
statements for periods ending on or after December 15, 2006.
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We hope this Industry Focus adds value to your business. Your feedback is appreciated!
Sincerely,
Ron Salmon
Salmon Sims Thomas | |
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