October 15, 2020 More Time: FASB Delays Long-Term Insurance Standard … Again On September 30, the Financial Accounting Standards Board (FASB) finalized a rule to defer the effective date of the updated long-term … Read More
October 8, 2020 Gifts in Kind: New Reporting Requirements for Nonprofits On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information about noncash … Read More
September 30, 2020 Why Face-to-Face Meetings With Your Auditor are Important Remote audit procedures can help streamline the audit process and protect the parties from health risks during the COVID-19 crisis. … Read More
September 17, 2020 What To Do When The Audit Ends Financial audits conducted by outside experts are among the most effective tools for revealing risks in not-for-profits. They help assure … Read More
September 8, 2020 Levels of Assurance: Choosing The Right Option For Your Business Today The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some … Read More
August 21, 2020 Promoting and Reporting Diversity Increasing diversity is a key initiative at many companies in 2020. This movement goes beyond social responsibility — it can … Read More
August 14, 2020 3 Steps To “Stress Test” Your Business As a business, you can’t afford to lose sight of ongoing risk factors, such as cyberthreats, fraud, emerging competition and … Read More
August 11, 2020 Forecasting Financial Results For A Start-Up Business There’s a bright side to today’s unprecedented market conditions: Agile people may discover opportunities to start new business ventures. Start-ups … Read More
August 11, 2020 Reporting CAMs In The COVID-19 era Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement … Read More
July 29, 2020 Drive Success With Dashboard Reports Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in … Read More
July 28, 2020 External Audits Offer Many Benefits to Nonprofits Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual … Read More
July 28, 2020 Reporting Embedded Leases In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on … Read More
