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, Technology|0 Comments

6 Steps Private Companies Should Take to Prepare for ASC 842 Lease Accounting

Private companies and nonprofits will soon be subject to the ASC 842 lease accounting standard. Adoption of this standard is effective for annual reporting periods ending after December 15, 2021. For calendar year-end companies, this means the effective date [...]

By |2021-09-22T17:03:53-04:00August 4th, 2021|Categories: Blog, Cloud Technology, Consulting, Lease Accounting, Manufacturing & Distribution, Outsourced Accounting, Real Estate, Retail, Small Business Services, Software Solutions, Technology|Tags: |Comments Off on 6 Steps Private Companies Should Take to Prepare for ASC 842 Lease Accounting

Why Use BlackLine for Variance Analysis (Flux) Monitoring?

BlackLine’s Variance Analysis Monitoring module uses standardized configurable templates and rule-based workflows intelligently designed to quickly identify unusual account activity and automatically flag and route outliers for review. With this module, you can automate data imports such as Balance [...]

By |2021-09-07T18:56:17-04:00July 27th, 2021|Categories: Blackline, Blog, Consulting, Kevin Burke, Software Solutions, Technology|Comments Off on Why Use BlackLine for Variance Analysis (Flux) Monitoring?

Getting Your Ducks in a Row Before an IPO

Along with providing an infusion of capital to a growing company, going public brings strict financial reporting and compliance requirements that need to be in place well before the offering. To meet investor expectations for a timely closing and [...]

By |2021-09-08T11:26:09-04:00June 8th, 2021|Categories: Audit, Blog, Consulting, Internal Audit, Kevin Shives, Sarbanes-Oxley Compliance, Technology|Tags: , , , , , , , , , |Comments Off on Getting Your Ducks in a Row Before an IPO

Identify General Ledger Outliers Automatically

By applying machine learning to analyze journal entries that need approval, Sage Intacct is helping finance teams save time while improving trust in their organizations’ data. Sage’s new Outlier Detection Feature for General Ledger, now available for early adopters, [...]

By |2021-09-08T11:28:07-04:00May 27th, 2021|Categories: Blog, Cloud Technology, Consulting, Technology|Tags: , , , |Comments Off on Identify General Ledger Outliers Automatically

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|Tags: , , , , |Comments Off on How Auditors Assess Cyber Risks

Capture Billable Time and Wasted Revenue with Sage Intelligent Time

One of the common challenges for professional services firms or other companies that sell their time and expertise is revenue leakage caused by inaccurate time sheets. Tracking time manually costs companies money in several ways. When professionals have to [...]

By |2021-09-08T11:51:39-04:00February 1st, 2021|Categories: Cloud Technology, Consulting, Kevin Shives, Sage Intacct, Software Solutions, Technology|Tags: , , , , , , , |Comments Off on Capture Billable Time and Wasted Revenue with Sage Intelligent Time

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 [...]

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, Technology, Venture Capital|Tags: , , , , , , |Comments Off on Guide: SOC 2 & Risk Management

From QuickBooks to Cloud Accounting With Sage Intacct: Enabling Your Finance Teams from Anywhere

Your accountants may be working from home, but what about your accounting processes? In many cases, working from home means “making do” with a lesser version of the office that lacks the same tools, data, and easy collaborative opportunities. [...]

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