Audit & Assurance Services

Mercadien Announces Executive Promotions; Names Ms. Raji Sathappan A Partner

The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team. Ms. Raji Sathappan, CPA, MBA, CRCM, CAMS, a member of the Financial Institutions Services Group, is promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs (the official titles of firm partners). Raji has been employed…

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Moving from “Great, an Audit” to a Great Audit

“Oh great, an audit!” When the word audit is seen or heard by most people working in any type of organization, it usually invokes a negative response.  They view the term as an unpleasant event that may be disruptive or unsettling to their normal course of business.  To add to the displeasure, audits generally are…

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Internal Audit: When Outsourcing Should Be Considered

Expansion and growth present both excitement and challenges for a company. During such periods, new systems are introduced, processes are redesigned and refined, and employees are trained in the changes. Management may find that what worked before may not be effective or efficient anymore. These changes lead to an increased demand on the company’s internal…

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Enterprise Risk – Are You Properly Managing It?

When I ask my clients if they have a formal risk management process and plan, the discussion often goes to insurance.  I get a “Yes, our buildings and other fixed assets are insured; we have liability coverage; our technology firewalls are up-to-date,” and so on.  I also often hear that the executive committee of the…

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Are You Ready… For The New Nonprofit ASUs?

In our August 2018 newsletter, we highlighted the four new accounting standards updates (ASU) that will impact nonprofits in the next few years. ASU 2016-14, Presentation of Financial Statements of Not-for-Profit (NFP) Entities, will be effective for years ending December 31, 2018 and June 30, 2019. So now the question is, are you ready? There…

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Philadelphia Controller’s Office Releases Results of Independent Accountant’s Examination by Mercadien

The Office of the Controller of the City of Philadelphia, PA announced that it received and responded to the results of its first independent, external accountant examination in more than twenty years.  It was conducted by the Compliance Oversight and Government Services Groups of Mercadien, P.C., CPAs. Read the Controller’s Office press release announcing the…

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Mercadien Announces Managing Director and Other Promotions

The Mercadien Group is pleased to announce several executive promotions within the firm.  Mr. Digesh Patel, CPA, MBA, RMA, CGMA, PSA, a director in the firm’s Government Services Group, has been promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs.  A resident of Bordentown Township, NJ, Mr. Patel has been…

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Are You in Control of Your Company? Look Internally.

Overview of Internal Controls and Their Importance We live in a fast-paced and rapidly-changing business environment focused on innovation and efficiency.  With new systems, means of access, and growth, it is critical that your organization consistently reviews and updates its internal controls, policies and procedures. This needs to be done to stay ahead of the…

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Ready, Set, Compliance!

Is your organization required to comply with certain state, federal or industry regulatory guidelines? Are you ready for your next compliance audit? Navigating the sea of regulations that exist today can be cumbersome and costly for businesses, which often do not devote sufficient resources towards compliance audit readiness. Noncompliance, however, can cost more time and…

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The Dollars and Sense of Royalty Audits

Is the recapture of unpaid royalties worth the time, effort and expense that comes with an audit? As revenues are increasingly generated from licensing agreements, licensees continue to incorrectly report royalties and underpay royalty payments owed. Incorporating license management, specifically, royalty audits, into your compliance program can result in increased profits, risk mitigation and stronger…

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