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Posts (787) February 6, 2023 Auditing Accounting Estimates Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists. Read More October 25, 2023 Tips For a Faster Month-End Close Closing the books at month end is a dreaded chore at many companies. Here’s how to simplify the process at your company. Read More February 22, 2024 Small Businesses Can Help Employees Save For Retirement, Too Nowadays, even small businesses are often expected to help employees save for retirement. The good news is there are some relatively easy ways to do so. Read More August 4, 2020 Allowable Plan Expenses: Can the Plan Pay? The payment of expenses by an ERISA plan (401(k), defined benefit plan, money purchase plan, etc.) out of plan assets is subject to ERISA’s fiduciary rules. The “exclusive benefit rule” requires a plan’s assets be used exclusively for providing benefits. ERISA also imposes upon fiduciaries the duty to defray reasonable expenses of plan administration. General… Read More August 10, 2020 Financial Reporting for Nonprofits That Have Teamed Up Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies. This can be a smart move — so long as your accounting staff knows how to report the activities of the two organizations. How you handle reporting depends on the nature of your new relationship. Collaborative arrangements… Read More March 26, 2022 Timing Counts: Reporting Subsequent Events Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a large business contract — may happen after the reporting period ends but before financial statements are finalized. The decision of whether to report these so-called “ subsequent events ” is one of the gray areas… Read More November 14, 2021 How To Assess Fraud Risks Today In today’s uncertain marketplace, it’s important to look at fraud risks from a fresh perspective. Here’s how auditors are doubling down in their efforts to accurately assess emerging and increased fraud risks during the pandemic. Read More Load more Page 66 of 82« First«...102030...6465666768...80...»Last »
February 6, 2023 Auditing Accounting Estimates Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists. Read More
October 25, 2023 Tips For a Faster Month-End Close Closing the books at month end is a dreaded chore at many companies. Here’s how to simplify the process at your company. Read More
February 22, 2024 Small Businesses Can Help Employees Save For Retirement, Too Nowadays, even small businesses are often expected to help employees save for retirement. The good news is there are some relatively easy ways to do so. Read More
August 4, 2020 Allowable Plan Expenses: Can the Plan Pay? The payment of expenses by an ERISA plan (401(k), defined benefit plan, money purchase plan, etc.) out of plan assets is subject to ERISA’s fiduciary rules. The “exclusive benefit rule” requires a plan’s assets be used exclusively for providing benefits. ERISA also imposes upon fiduciaries the duty to defray reasonable expenses of plan administration. General… Read More
August 10, 2020 Financial Reporting for Nonprofits That Have Teamed Up Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies. This can be a smart move — so long as your accounting staff knows how to report the activities of the two organizations. How you handle reporting depends on the nature of your new relationship. Collaborative arrangements… Read More
March 26, 2022 Timing Counts: Reporting Subsequent Events Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a large business contract — may happen after the reporting period ends but before financial statements are finalized. The decision of whether to report these so-called “ subsequent events ” is one of the gray areas… Read More
November 14, 2021 How To Assess Fraud Risks Today In today’s uncertain marketplace, it’s important to look at fraud risks from a fresh perspective. Here’s how auditors are doubling down in their efforts to accurately assess emerging and increased fraud risks during the pandemic. Read More