Audit Archives | SD Mayer

ESG audits: Navigating new frontiers in corporate responsibility

ESG Audits: Navigating New Frontiers In Corporate Responsibility

Does your business provide environmental, social and governance (ESG) reports or disclosures? This is a hot financial reporting topic among …

Business owners, your financial statements are trying to tell you something

Your Financial Statements Are Trying To Tell You Something

Business owners: Make sure you’re not tossing your financial statements in a file drawer and forgetting about them. They contain …

Mind the GAAP: How to ensure transparency when using non-GAAP metrics

Mind The GAAP: How To Ensure Transparency

The best metric to gauge a company’s performance may not always be net income or earnings per share, as defined …

Spotlight on auditor independence

Spotlight On Auditor Independence

External auditors are supposed to be public watchdogs who are “independent” of their audit clients, both in appearance and in …

Auditing revenue recognition

February 22, 2024

Auditing Revenue Recognition

Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external …

3 tips for making the financial statement auditing process smoother

January 25, 2024

3 Tips For Making The Financial Statement Audit Smoother

How much do you know about the process of preparing audited financial statements? Here’s what your nonprofit can do to …

Auditing concepts: Close-up on materiality

January 19, 2024

Auditing Concepts: Close-Up On Materiality

What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials.

6 tips to improve job-costing systems

January 9, 2024

6 Tips To Improve Job-Costing Systems

Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the …

Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation

December 27, 2023

Tips for QuickBooks Users: 5 Mistakes to Avoid During Bank Reconciliation

Reconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting …

What is your external auditor’s responsibility for cybersecurity?

December 21, 2023

What Is Your External Auditor’s Rsponsibility for Cybersecurity?

What’s the average cost of a data breach? As average losses continue to rise, it’s important for companies to understand …

FASB issues new segment expense disclosure rules

December 11, 2023

FASB Issues New Segment Expense Disclosure Rules

Starting in 2024, public companies must comply with new accounting rules requiring them to disclose more details about their business …

It’s important to track tools and small equipment

December 5, 2023

It’s Important To Track Tools and Small Equipment

The technology for tracking tools and small equipment has become more cost effective and secure in recent years. Here’s how …

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