SSARS 19 incorporates the old SSARS 8 approach

(duplicate of post from Attestation Update  blog)

Update – SSARS 19 had been replaced by SSARS 21. All the reports have been revised. You can check out these posts at my other blog, Attestation Update:

If you prepare compiled financial statements for management use only (which means the reports will not be going to third parties), you will be glad to know the new SSARS 19 document includes the guidance that used to be in SSARS 8.  Let me describe some of the provisions. (more…)

Jim Ulvog

Economic development makes every country healthier and richer

Incredible visualization of 200 years of economic development and improvements in health around the world.  A professor creates an entertaining visual of how health and wealth has increased in 200 countries over 2 centuries.  Does it all in under 5 minutes.  (more…)

Jim Ulvog

On being trapped by your technology provider – 2

Along with the incredible opportunities from wonderful technology we get some unusual risks.  Previously discussed the risk from not owning your domain name and the chance you could wind up without the ability to use it.

Illustration 2 – being stranded by changes made by your vendor (more…)

Jim Ulvog

Organizations can work to break down the fraud triangle

Having discussed the fraud triangle, you may wonder if there is anything you can do in your organization to stop the three sides of the fraud triangle from coming together and igniting into a disaster.  Well, you can not absolutely prevent fraud.  However, you can work to minimize the risk on each side of the triangle and as a result greatly reduce the danger of fraud.  Some of the things you can do as an organization are discussed here, here, and here.

Jim Ulvog

Identify the risks in using Social Media and manage them

It is obvious to me that most ministries and businesses should be in social media because of the tremendous potential to further your mission or revenue stream, so the issue is pretty much resolved on whether to move forward or not.  The next issue is to identify the risks in moving forward because there are risks.  The action steps are then to manage those risks. (more…)

Jim Ulvog