Avoiding Conflicts of Interest With Auditors

A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why it’s important to identify and manage potential conflicts of interest with auditors. What is a conflict of interest? According [...]

By |2020-10-20T13:41:26-04:00October 20th, 2020|Categories: Audit, Blog|Tags: , , , |Comments Off on Avoiding Conflicts of Interest With Auditors

Prepare in Advance to Easily Survive IRS Audits

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But if your properly plan and prepare for IRS audits, you should fare well. [...]

By |2020-10-05T13:17:20-04:00October 5th, 2020|Categories: Audit, Blog, Tax|Tags: , , , , |Comments Off on Prepare in Advance to Easily Survive IRS Audits

3 Steps To “Stress Test” Your Business

During the COVID-19 crisis, you can’t afford to lose sight of other ongoing risk factors, such as cyberthreats, fraud, emerging competition and natural disasters. A so-called “stress test” can help reveal blind spots that threaten to disrupt your business. [...]

By |2020-10-02T17:05:46-04:00October 2nd, 2020|Categories: Audit, Blog, COVID-19|Tags: , , , , |Comments Off on 3 Steps To “Stress Test” Your Business

Why Meetings With Your Auditor Matter

Remote audit procedures can help streamline the audit process and protect the parties from health risks during the COVID-19 crisis. However, seeing people can be essential when it comes to identifying and assessing fraud risks during a financial statement [...]

By |2020-10-01T18:27:09-04:00September 28th, 2020|Categories: Audit, Blog|Tags: , , , , , |Comments Off on Why Meetings With Your Auditor Matter

Levels Of Assurance: Choosing The Right Option For Your Business Today

The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some are considering downgrading to lower levels of assurance to reduce financial reporting costs — but a downgrade may compromise [...]

By |2020-10-02T16:52:57-04:00August 28th, 2020|Categories: Audit, Blog, GAAP, Uncategorized|Tags: , , , , |Comments Off on Levels Of Assurance: Choosing The Right Option For Your Business Today

Reporting CAMs in the COVID-19 Era

Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with market values of $700 million or more) in fiscal years [...]

By |2020-10-02T19:05:25-04:00July 31st, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Reporting CAMs in the COVID-19 Era

Drive Success With Dashboard Reports

Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot of how your business is performing. Why you need [...]

By |2020-07-24T13:20:11-04:00July 24th, 2020|Categories: Audit, Blog|Tags: , |Comments Off on Drive Success With Dashboard Reports

External Audits Offer Many Benefits to Nonprofits

Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended. These audits can provide [...]

By |2020-07-17T12:47:33-04:00July 17th, 2020|Categories: Audit, Blog, Nonprofit|Tags: , , , , |Comments Off on External Audits Offer Many Benefits to Nonprofits

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

Accounting for Cloud Computing Arrangements

The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs. Updated guidance on accounting for cloud computing costs aims to reduce differences in the accounting treatment [...]

By |2020-10-02T13:55:34-04:00July 6th, 2020|Categories: Audit, Blog|Tags: , , , , |Comments Off on Accounting for Cloud Computing Arrangements
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