December 14, 2022 How To Report Software Costs Accounting for software costs is one of the gray areas in financial reporting. Fortunately, the FASB’s working on a project … Read More
December 7, 2022 Is It Time To Update Your Accounting Practices? Have your accounting procedures and systems kept up with the times? Here are five tips to consider. Read More
November 18, 2022 Preparing For Year-End Inventory Counts A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are … Read More
October 28, 2022 New Accounting Rules For Supplier Finance Programs Newly issued rules on how to report supplier finance programs will provide critical information on the financial health of companies. … Read More
October 27, 2022 The Audit Is Over. Now What? Audits are critical to reassuring financial supporters of your nonprofit’s fiscal responsibility. But the work doesn’t end when the auditor … Read More
October 27, 2022 Boo! Consider A Surprise Financial Statement Audit Routine financial statement audits are great for corporate governance. But could your organization also benefit from periodic “surprise” audits? Read More
October 14, 2022 Ratio Analysis: Extracting Actionable Data Here are four categories of financial ratios that can help you make better, more-informed decisions about your company’s financial future. Read More
October 11, 2022 SEC Chair Gensler Warns About Conflict of Interest The SEC is committed to preventing conflicts of interest. Regardless of whether your organization is public or private, here’s what … Read More
October 5, 2022 FASB: Changes To Lease Accounting Rules New lease accounting rules go into effect this year for private companies and nonprofits. Related-party leases continue to be a … Read More
September 29, 2022 How Auditors Use Benford’s Law To Assess Transactions Statistical tools, like Benford’s Law, can help your auditors work smarter. But it’s important to recognize the limits of these … Read More
September 18, 2022 Using Agreed-Upon Procedures To Target Specific Items Of Concern If you want to know more about a specific account or nonfinancial matter, an agreed-upon procedures engagement may fit the … Read More
September 17, 2022 Why Auditors Prefer In-Person Interviews To Assess Fraud Risks Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud … Read More
