Government

Two Mercadien CPAs Are Awarded Prestigious Credentials

Princeton, NJ & Philadelphia, PA – The Mercadien Group is pleased to announce that two of its executives have earned significant designations in the accounting field. Mr. Digesh Patel, CPA, MBA, CGMA, PSA, a director in Mercadien’s Government Services Group, has earned the Registered Municipal Accountant (RMA) certification from the New Jersey State Board of…

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The Equifax Data Breach – What to Do

On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data— including names, addresses, birthdates, and Social Security numbers on as many as 143 million consumers, roughly 55% of Americans age 18 and older. This data breach was especially egregious because…

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Fighting Fraud in the School Yard

In the last decade, there were numerous reports of fraudulent acts committed by school officials, many resulting in criminal indictments and jail sentences for the perpetrators, as well as significant monetary costs and adverse publicity for the victimized school districts.  More recent media headlines identifying fraud in schools again remind us that investigative audits are…

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Digesh Patel’s Article Featured on Cover of NJAC Newsletter

Are You Complying with the New Procurement Standards Under Uniform Guidance? For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took effect with fiscal years that began after December 26, 2014. Procurement standards is one of the many areas that management and staff at all state,…

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Are You Complying With New Procurement Standards Under Uniform Guidance?

For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took effect with fiscal years that began after December 26, 2014. Procurement standards is one of the many areas that management and staff at all state, local and nonprofit entities need to review and understand, to be…

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Emerging Cyber Opportunities in Government Contracting

Amid the aftermath of troubling cybersecurity breaches at various government agencies—including the Office of Personnel Management—the U.S. government and Congress have pushed for a major increase in government focus and spending on cyber protection. To assess and strengthen federal networks and systems, the White House Office of Management and Budget (OMB) launched the Cybersecurity Strategy…

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The Latest Cyber Security Risks and Developments Affect Public Entities

Technological security is not only increasingly important today, but also undergoing a directional shift due to the prevalence and ingenuity of cyber-hackings. The true statistics about these are more alarming than may be realized from the handful of high-profile corporate and IRS incidents recently in the news.  The risks associated with IT security alone apply to and reverberate throughout an…

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Dealing With Employee Dishonesty Allegations

In years past, employee dishonesty was recognized in straightforward terms, mainly involving the intentional misappropriation of cash or merchandise from a company by an employee. However, trends today demonstrate a dynamic shift towards sophisticated fraudulent schemes spanning several years, often involving financial professionals and the use of computers. Due to less stringent or non-existent regulatory…

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Warren Broudy Featured in Press of Atlantic City article on Atlantic County Audit

An auditor has given Atlantic County the highest opinion possible for its 2014 audit, with no recommendations for improvement, said County Treasurer Bonnie Lindaw. “It’s the best we can get,” Lindaw said. She said it is the 16th straight audit with no findings of errors or compliance issues, from four different firms. Auditor Warren A.…

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Performance Auditing – A Step Towards Improving Your Business

Although most everyone is familiar with the term audit, a lesser-recognized type of service provided through examination of records is known as a performance audit. These can be described as audits that provide findings or results based on an evaluation or sufficient evidence against stated criteria. While performance auditing is historically thought of in relation…

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