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 |2021-11-19T10:12:04-05:00November 10th, 2021|Categories: Audit, Blog, 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 [...]

By |2021-10-12T19:12:19-04:00October 12th, 2021|Categories: Audit, Blog, System and Organization Control (SOC), Technology|0 Comments

How Auditors Assess Cyber Risks

Data security is a critical part of the audit risk assessment. If your financial statements are audited, your audit team will tailor their procedures to answer critical questions about cyber risks and the effectiveness of your internal controls. While conducting [...]

By |2021-03-22T12:59:54-04:00March 19th, 2021|Categories: Audit, Blog, Technology|Comments Off on How Auditors Assess Cyber Risks

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 audit process more complicated, lengthier, and more expensive. A SOC [...]

By |2022-01-13T12:11:02-05:00October 14th, 2020|Categories: Audit, Blog, System and Organization Control (SOC), Technology|0 Comments

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 |2020-08-20T15:07:31-04:00July 10th, 2020|Categories: Audit, Blog, 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 cryptocurrency trend continues to gain traction in everyday life and business, the inevitable topic of taxes and financial impact has steadily trailed. As of today, [...]

By |2019-03-11T16:01:07-04:00September 24th, 2018|Categories: Blog, Masha Herzbrun, Tax, Technology|Comments Off on 7 Things to Know About Cryptocurrency and Taxes

SOC 2 Reporting Changes Coming End of 2018

In April 2017, the American Institute of Certified Public Accountants (AICPA) updated the Trust Services Criteria (TSC), impacting the controls required to be included with a SOC 2 report. The new criteria, while available for use now, will be [...]

By |2021-11-10T17:03:19-05:00June 5th, 2018|Categories: Audit, Blog, Technology|Comments Off on SOC 2 Reporting Changes Coming End of 2018

Is This Your Situation: Deciding if Contractors Can Claim R&D Benefits

Of particular relevancy to contractors is the research and development tax credit, a tax incentive program. Also known as the research and experimentation tax credit or the research tax credit, it allows companies to work at maximum efficiency, Many wrongly [...]

By |2021-11-10T17:03:05-05:00April 10th, 2018|Categories: Blog, Research & Development (R&D), Tax, Technology|Comments Off on Is This Your Situation: Deciding if Contractors Can Claim R&D Benefits

Is This Your Situation: Forging an Exit Plan for Your Tech Startup

Is This Your Situation: Forging an Exit Plan for Your Tech Startup It is common in the industry for smaller tech companies to be purchased by larger ones. This can lead to big payouts for the original owners and [...]

By |2017-12-18T17:39:43-05:00December 18th, 2017|Categories: Audit, Technology|Comments Off on Is This Your Situation: Forging an Exit Plan for Your Tech Startup

Going Concern Rules and Your Company

Going Concern Rules and Your Company Changes in the standard and what you can expect as a result To outside investors, the future of early stage and startup companies can be murky. Many of these companies are pre-revenue and in [...]

By |2021-11-10T17:03:40-05:00October 25th, 2017|Categories: Audit, Blog, Technology|Comments Off on Going Concern Rules and Your Company
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