March 23, 2020 Auditing Revenue Traditionally, audit procedures for private companies tend to focus on the balance sheet. That is, auditors evaluate whether the book … Read More
March 20, 2020 Beware: Coronavirus May Affect Financial Reporting The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you … Read More
March 12, 2020 Lease or Buy? Changes To Accounting Rules May Change Your Mind The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and … Read More
March 5, 2020 When To Write Off Stale Receivables Accounts receivables are classified under current assets on the balance sheet if you expect to collect them within a year … Read More
February 26, 2020 4 Steps To A Stronger Balance Sheet Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a … Read More
February 21, 2020 How To Prepare Your Nonprofit For A Financial Audit Outside financial audits may seem like an extravagance to not-for-profits working to contain costs and focus on their mission. But … Read More
February 21, 2020 FAQs About Audit Confirmations Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents … Read More
February 18, 2020 The SECURE Act Likely to Affect Your Retirement and Estate Plans In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up … Read More
February 11, 2020 4 Key Traits To Look For When Hiring A CFO Finding the right person to head up your company’s finance and accounting department can be challenging in today’s tight labor … Read More
February 10, 2020 Reporting Contingent Liabilities Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies … Read More
February 6, 2020 Accounting For Indirect Job Costs The Right Way Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. … Read More
February 6, 2020 What Are The Responsibilities Of An Audit Committee? Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors … Read More
