Preparations vs. Compilations

Your business needs financial statements so management can monitor performance, attract investment capital and borrow money from a bank or other lender. But not all financial statements are created equal. Audited statements are considered the “gold standard” in financial [...]

By |2022-01-24T19:35:40-05:00January 21st, 2022|Categories: Audit, Blog|Comments Off on Preparations vs. Compilations

Hit 2022 Running: Opportunities for the Beer and Wine Industry to consider for a prosperous New Year

As businesses continue pivoting and navigating this new normal, the new year is a good time to consider ways to help your company accelerate and grow.  Whether through business operations, tax and financial planning, or process improvement, there are [...]

By |2022-01-20T17:36:19-05:00January 11th, 2022|Categories: Audit, Blog, Brandon Scripps, Manufacturing & Distribution, Wine & Craft Brew|Comments Off on Hit 2022 Running: Opportunities for the Beer and Wine Industry to consider for a prosperous New Year

Why You Can’t Freely Share Your SOC 2 Report

"Why can't I share my SOC 2 report?" It's a question that gets asked a lot, and given the time and expense of acquiring a SOC 2 report, it's understandable, but you actually can share it, but it is [...]

By |2022-01-11T10:10:06-05:00January 11th, 2022|Categories: Audit, Blog, Jeffrey R. Stark, System and Organization Control (SOC)|Comments Off on Why You Can’t Freely Share Your SOC 2 Report

Reporting and managing inventory

Ineffective inventory management and reporting can result in bloated working capital and impaired business profits. In industries that rely on overseas suppliers, best practices for managing inventory may have recently changed. In today’s uncertain marketplace, it’s clearly a good [...]

By |2022-01-07T11:28:04-05:00January 7th, 2022|Categories: Audit, Blog|Comments Off on Reporting and managing inventory

How Manufacturers Can Attract and Retain Employees in 2022

For years, manufacturers have had an increasingly difficult time finding, attracting, and retaining skilled laborers. In the wake of the COVID-19 pandemic, these concerns have become even more pressing. A recent Reuters article notes that while the manufacturing industry [...]

By |2022-01-06T19:23:21-05:00January 5th, 2022|Categories: Audit, Blog, Internal Audit, Manufacturing & Distribution|Comments Off on How Manufacturers Can Attract and Retain Employees in 2022

3 Tips for Boosting the Value of Your SOX 404(a) Compliance

Beyond regulatory requirements, developing an effective internal controls framework plays a valuable role in helping your company manage risk. Identifying and mitigating the company’s financial and operational risks under the Sarbanes Oxley Act’s (SOX) Section 404 requirements can also [...]

By |2022-01-13T12:27:36-05:00January 4th, 2022|Categories: Audit, Blog, Internal Audit, James Taylor, Sarbanes-Oxley Compliance (SOX)|Comments Off on 3 Tips for Boosting the Value of Your SOX 404(a) Compliance

KPIs: What are they, and which ones count?

Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial statements take a long time to generate. Reporting key performance indicators (KPIs) on a monthly or weekly basis is [...]

By |2021-12-30T14:31:45-05:00December 30th, 2021|Categories: Audit, Blog|Comments Off on KPIs: What are they, and which ones count?

How to Account for Change Orders

Last-minute changes to contracts can be frustrating. But, if managed properly, they can sometimes provide an opportunity to boost profits. Here are ways construction companies, engineering firms, software developers and other businesses that enter into long-term contracts with customers [...]

By |2021-12-29T11:50:54-05:00December 23rd, 2021|Categories: Audit, Blog|Comments Off on How to Account for Change Orders

Rolling forecasts provide flexibility in uncertain times

Forecasting how your company is likely to perform over the next year can be challenging, especially when it’s unclear where the markets are heading. But accurate forecasts are critical when managing a business. For example, they may be used [...]

By |2021-12-13T19:30:07-05:00December 10th, 2021|Categories: Audit, Blog|Comments Off on Rolling forecasts provide flexibility in uncertain times

Coming soon: New accounting rule on government assistance disclosures

On November 17, the Financial Accounting Standards Board (FASB) issued a new accounting standard on disclosing certain types of government incentives that businesses receive to set up shop in a locality. The standard comes at a time when investors have [...]

By |2021-12-06T19:49:36-05:00December 3rd, 2021|Categories: Audit, Blog|0 Comments
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