September 7, 2022 Is Your Current Bad Debt Allowance Reasonable? A recent survey of audit partners found that 40% were uncertain about the outlook for their primary industries. In light … Read More
August 30, 2022 Inflation Reduction Act : Concerns On “Book Income” Could the Inflation Reduction Act have unintended financial reporting consequences? Many accounting professionals are concerned that the new law could … Read More
August 23, 2022 Are Your Risk Management Keeping Up? A new report highlights the mounting risks that businesses and not-for-profits face today. Here’s how to fortify your defenses. Read More
August 17, 2022 Cyber Risks: A Critical Part Of Your Auditor’s Risk Assessment Here are some shocking statistics from the “Cost of a Data Breach Report 2022,” and ways your auditor can mitigate … Read More
August 11, 2022 How External Confirmations Are Used During An Audit External confirmations are one of the simplest, but most effective, audit tools. Do you understand how they work? Read More
August 2, 2022 Evaluating “Going Concern” Concerns If you have “substantial doubt” about its ability to continue normal operations, you may encounter financial reporting issues. Read More
July 27, 2022 How To Account For Collaborative Agreements Payments related to “collaborative arrangements” can be tricky to report under U.S. GAAP. Our accounting pros can help provide direction. Read More
July 18, 2022 Remote Auditing: A Brave New World After realizing the potential benefits, remote audit procedures may be part of the “new normal” going forward. Read More
July 18, 2022 Last Call For Lease Accounting Here’s what you need to do to implement the new lease accounting rules do by year end and how it … Read More
July 6, 2022 Paying Tribute To Auditor Independence External auditors are supposed to be public watchdogs who are “independent” of their audit clients, both in appearance and in … Read More
June 29, 2022 Consider Stress Testing To Lower Risks Businesses today are dealing with unprecedented levels of operational, financial, compliance, reputational and strategic risks. Stress testing may be the … Read More
June 21, 2022 Warning For Retailers And Other Businesses Using The LIFO Method Businesses that use LIFO could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply … Read More
