How Auditors Assess Cyber Risks

As businesses and not-for-profit entities increasingly rely on technology, cyber risks are becoming more sophisticated and aggressive. Auditors must factor these threats into their risk assessments. They can also help you draft cybersecurity disclosures and brainstorm ways to mitigate [...]

By |2022-11-19T05:01:05-05:00November 19th, 2022|Categories: Audit, Blog, Industries, Technology|Comments Off on How Auditors Assess Cyber Risks

What is the CHIPS Act?

The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act of 2022. President Biden is expected to sign it into law shortly. Among other [...]

By |2022-10-25T16:22:50-04:00August 5th, 2022|Categories: Blog, Industries, Manufacturing & Distribution, Tax, Technology|Comments Off on What is the CHIPS Act?

What You Need to Know About Annual Recurring Revenue and GAAP Revenue Recognition

What is Annual Recurring Revenue? Annual Recurring Revenue (“ARR”) is a metric that is defined as the value of annual contracts, typically for SaaS or other subscription businesses that offer term subscriptions. ARR is equal to the value of [...]

By |2022-10-25T16:51:03-04:00May 12th, 2022|Categories: Blog, Industries, Technology|Comments Off on What You Need to Know About Annual Recurring Revenue and GAAP Revenue Recognition

Accounting for Software Development Costs in the Technology Industry

The technology industry, and in particular the software-as-a-services (SaaS) industry, faces several unique accounting challenges. One common question companies need answered is whether to expense or capitalize software development costs. When software is developed in-house it can be tricky [...]

By |2022-11-28T11:40:26-05:00April 27th, 2022|Categories: Audit, Blog, Industries, Technology|Comments Off on Accounting for Software Development Costs in the Technology Industry

5 of the Most Common Audit Challenges We See with Tech Startups

As technology startups prepare for their first audits, it’s common to see a number of accounting issues that can potentially increase the time and cost required to complete the audit successfully. In most instances, these issues result from causes [...]

By |2022-10-25T16:51:27-04:00November 10th, 2021|Categories: Audit, Blog, Industries, Technology|0 Comments

How to Read a SOC Report in 5 Minutes (or Less)

TL;DR: Open the SOC report, Ctrl-F, and search for “Opinion,” and if the audit opinion states, “In our opinion, in all material respects…” the report gets a gold star. See? That was even less than 5 minutes! After performing [...]

5 Common Mistakes to Avoid Before Starting a SOC 2 Audit

A SOC 2 compliance report can be a powerful tool in demonstrating your company’s commitment to securing your customers’ data. Still, several common mistakes or misunderstandings can make the SOC 2 audit process more complicated, lengthier, and more expensive. [...]

By |2022-10-25T16:51:43-04:00October 14th, 2020|Categories: Audit, Blog, Industries, System and Organization Control (SOC), Technology|Comments Off on 5 Common Mistakes to Avoid Before Starting a SOC 2 Audit

Guide: SOC 2 & Risk Management

Formally identifying and addressing risk is an audit requirement, but is also a responsible exercise for your company to undertake. Download our guide and gain insight into the types of risks that should be on your radar. [...]

By |2022-10-25T16:51:52-04:00July 10th, 2020|Categories: Audit, Blog, Industries, System and Organization Control (SOC), Technology, Venture Capital|Comments Off on Guide: SOC 2 & Risk Management

7 Things to Know About Cryptocurrency and Taxes

There has been a lot of buzz surrounding cryptocurrency and blockchain lately. As the trend continues to gain traction in everyday life and business, the inevitable topic of cryptocurrency taxes and financial impact has steadily trailed. As of today, [...]

By |2022-10-25T16:51:58-04:00September 24th, 2018|Categories: Blog, Industries, Masha Herzbrun, Tax, Technology|Comments Off on 7 Things to Know About Cryptocurrency and Taxes
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