June 19, 2018 Which Intangibles Should Firms Report Following Merger? Unfortunately, accounting for M&As requires a lot of red tape. But an alternative can simplify postacquisition accounting for some private … Read More
June 15, 2018 Auditing Related-Party Transactions The risk of double dealing abounds when a company does business with its parent company, a subsidiary or other related … Read More
June 1, 2018 Collaborative Arrangements Cause Reporting Headaches If you’re frustrated by the vague rules for reporting collaborative arrangements on your income statement, you’re not alone. Fortunately, relief … Read More
May 29, 2018 It’s Time For a Midyear Checkup! How often does your company issue financial reports? Monitoring performance periodically before year end can pay off. But there are … Read More
May 23, 2018 Are You Prepared for an IRS Audit? The IRS’s emphasis, with respect to defined contribution plans is on compliance with the requirements of the Internal Revenue Code … Read More
May 22, 2018 Guidance on FASB’s New Revenue Recognition Rule Got contracts with customers? Many businesses are still struggling with the new accounting rules for revenue recognition. Now the IRS … Read More
May 18, 2018 Procurement Procedures: Nonprofit Really in Compliance? Failure to comply with revised procurement standards could result in your nonprofit’s loss of federal funding. We summarize the rules … Read More
May 16, 2018 What’s All the Buzz About XBRL format? Digital financial statements, in XBRL format, simplify data sharing and analysis. Here’s why you should consider switching from PDF reports … Read More
May 9, 2018 Profits: How Low Can You Go? If your profits are down, don’t panic. Your financial statements can help you detect clues to solve the mystery of … Read More
May 1, 2018 Effectively Communicating With The Audit Committee Presenting to audit committees is second nature for external auditors. But sometimes committee members need insight from management. Learn ways … Read More
April 16, 2018 Public vs. Private Companies: Different Accounting Rules From Main Street to Wall Street, businesses come in various sizes. One set of accounting rules can’t fit everyone, so … Read More
April 11, 2018 Internal Control Testing: What Role Does Sampling Play? Auditors rely on more than just random techniques and gut instinct to pick transactions to analyze during internal controls testing. Read More
