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Dixon Hughes Goodman has built the reputation of our assurance services on a continuing program of excellence and sound ethical values. We strive to maintain the highest standards of integrity, objectivity and independence as the foundation for our quality control.

More Than Audits, Reviews and Compilations

This dedication to quality has helped us to become leader in providing assurance services to a number of industries including financial services, dealerships, healthcare, government contracting, insurance, construction, real estate, public sector & governmental, non-profit entities, manufacturing & distribution and retail.

Dixon Hughes Goodman is registered with the Public Company Accounting Oversight Board and is a member of the AICPA's Center for Audit Quality and the AICPA's Employee Benefit Plans Audit Quality Center.

Many of our members and management staff professionals participate on various committees of the AICPA as well as state societies of certified public accountants; many hold leadership positions in a variety of industry trade organizations.

Industries

DHG’s Assurance Services spans many industries. Our collaborative service line and industry approach allows us to serve clients in the following industries:

Agribusiness
Education
Government Contracting
Insurance
Private Clients
Real Estate
Transportation & Logistics
Construction
Energy
Healthcare

Manufacturing & Distribution
Private Equity
Retail
Dealerships
Financial Institutions
Hospitality & Restaurants
Not-for-Profit & Governmental
Professional Services
Technology & Life Sciences

Experience

Our people are armed with the assurance knowledge and experience necessary to provide superior services. DHG is registered with the Public Company Accounting Oversight Board and is a member of the AICPA’s Center for Audit Quality and the AICPA’s Employee Benefit Plans Audit Quality Center. Many of our members and management staff professionals participate on various committees of the AICPA as well as state societies of certified public accountants while many hold leadership positions in a variety of industry trade organizations.

Knowledge Share

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COVID-19 and the Sequence of Asset Impairment Testing

As businesses consider the financial reporting impacts of COVID-19 and whether assets are impaired, they will need to carefully consider the rules regarding the sequence in which impairment testing is to be performed.

Goodwill Impairment Testing Considerations During COVID-19

Given the recent impact of COVID-19 on the economy, unemployment and daily operations, the discussion of potential goodwill impairment (and related testing thereof) has become a hot topic for many entities across all industries. Accounting Standards Codification (ASC) 350, Intangibles – Goodwill and Other (ASC 350), states that entities must evaluate their goodwill for impairment at least annually; however, during interim periods (for those reporting interim results), a goodwill impairment analysis could be necessary if the entity has an indication that the fair value of a reporting unit has fallen below its carrying value, a condition defined by the guidance as a triggering event. Understanding what constitutes a triggering event is an important consideration even for those following the Private Company Council accounting alternative who are not required to assess goodwill for impairment annually, rather only when a triggering event occurs. Determining whether a triggering event occurred for those entities who had an interim reporting date at March 31, 2020, was a significant undertaking for many and may continue to be for financial reporting dates occurring in the foreseeable future with continued market uncertainty.

FASB Votes to Delay Effective Date of ASC 606 and ASC 842 for Private Companies and Not-For-Profit Entities

On Wednesday, May 20, the Financial Accounting Standards Board (FASB) met virtually to discuss comment letter feedback on the proposed Accounting Standards Update (ASU), Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities.

Upcoming Events

Private Company Financial Reporting Matters Related to COVID-19

Following DHG’s 2020 Private Company Livestream, which kicked off the 2020 calendar year in January, the year threw us a curveball in the form of the COVID-19 pandemic. To follow up from our Livestream, this webinar will cover financial reporting implications of this disruption: financial statement disclosure impacts, asset impairment considerations, going concern and uncertainties.

Internal Control Considerations in the COVID-19 New Normal

Companies should consider changes to their internal control structures as a result of the COVID-19 pandemic. Those public companies reporting on Internal Controls over Financial Reporting (ICFR) in their quarterly and annual financial statements should consider the impact of COVID-19 on their ICFR/Sarbanes-Oxley (SOX) functions.

Maintaining the SOC Environment During the COVID19 Pandemic

More organizations continue to rely on third parties for a number of critical business functions. Utilizing SOC reports, organizations can either report on controls or gain assurance that controls at third parties are appropriate and effective. On March 11, 2020, the World Health Organization declared the outbreak of a Coronavirus (COVID-19) pandemic. This pandemic potentially will impact the issuance and reliance on SOC reports in 2020. The session will cover aspects of issuing a SOC report as well as evaluating reports obtained from vendors.

Webinar Recordings

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Private Company Financial Reporting Matters – Three Months and One Pandemic Later

Following DHG’s 2020 Private Company Livestream, which kicked off the 2020 calendar year in January, the year threw us a curveball in a matter of three months in the form of the COVID-19 pandemic. To follow up from our Livestream, this webinar will cover financial reporting implications of this disruption.

Private Company Live Stream: What to Look for in 2020

Join DHG professionals on January 9th as we discuss top issues affecting private companies. We’ll facilitate an interactive conversation to discuss the impacts of recently released guidance from FASB, the latest updates on tax reform, corporate culture and talent engagement, as well as IT trends.

Top Issues Affecting Private Companies

Join DHG Assurance, Tax & Advisory professionals on January 9th as we discuss top issues affecting private companies. We’ll facilitate an interactive conversation to discuss the impacts of recently released guidance from FASB and the IRS.