Let Financial Statement Audits Boost Your Business

As a privately held company, you are not required to prepare and submit financial statement audits. Currently, U.S. government regulators require that only public companies that sell stock or bonds, or companies that are in the process of going [...]

By |2019-03-11T15:43:07-04:00August 28th, 2018|Categories: Audit, Blog|Tags: , |0 Comments

It’s Important to Monitor your SEC Filing Status

As public companies grow, they may move from one filing status or issuer category to another. Recent and proposed changes to the Securities and Exchange Commission (SEC) rules for some categories could affect your company’s financial reporting and audit [...]

By |2019-03-11T20:52:10-04:00August 10th, 2018|Categories: Audit, Blog|Tags: , , |0 Comments

Transitioning to remote audits

Are you comfortable communicating electronically with your auditors? If so, a logical next step might be to transition from on-site audit procedures to a more “remote” approach. Remote audits can help reduce the time and cost of preparing audited [...]

By |2018-07-20T13:36:52-04:00July 20th, 2018|Categories: Audit, Blog|Tags: , , |0 Comments

Using analytical procedures in an audit provides many benefits

Analytical procedures can make audits more efficient and effective. First, they can help during the planning and review stages of the audit. But analytics can have an even bigger impact when used to supplement substantive testing during fieldwork. Defining [...]

By |2018-06-29T13:10:09-04:00June 29th, 2018|Categories: Audit, Blog|Tags: , , |0 Comments

Spotlight on auditor independence and hosting arrangements

With Independence Day coming up, it’s a good time to check up on auditor independence issues. This is especially important in 2018. Why? New rules go into effect this fall that may warrant changes to the services provided by [...]

By |2018-06-25T17:36:15-04:00June 25th, 2018|Categories: Audit, Blog|Tags: , , |0 Comments

Auditing related-party transactions

Business owners generally prefer to work with entities they know and trust. But related-party transactions can provide opportunities for individuals to act in a manner that’s inconsistent with the interests of shareholders. That’s why auditors take pains to identify [...]

By |2018-06-08T13:21:14-04:00June 8th, 2018|Categories: Audit, Blog|Tags: , |0 Comments

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 |2018-06-05T18:40:20-04:00June 5th, 2018|Categories: Audit, Blog, Technology|Tags: , , |0 Comments

Abandoned and Unclaimed Property

Abandoned and Unclaimed Property  The new developments of AUP  Let’s say there is an abandoned car on the side of the road. It’s pretty unlikely that a passerby and the state government are going to battle over possession of [...]

By |2017-06-21T18:06:38-04:00March 23rd, 2017|Categories: Audit, Blog, Frank Balestreri|Tags: , , , |Comments Off on Abandoned and Unclaimed Property

Selecting the Right Construction Advisor

Selecting the Right Construction Advisor A construction contractor’s guide to hiring an accountant If you’re a construction contractor, the odds are you'll require the services of an outside accountant from time to time. At first glance, it can be difficult [...]

By |2017-06-21T18:50:25-04:00February 28th, 2017|Categories: Audit, Blog, Justin Scripps, Real Estate & Construction|Tags: , , |Comments Off on Selecting the Right Construction Advisor

The Proof is in the Audit

The Proof is in the Audit SSF’s response to DOL report of low quality employee benefit plan audits  In the past year there has been lot of negative chatter regarding the nation’s increasingly poor quality of employee benefit plan [...]

By |2017-06-21T18:55:56-04:00February 20th, 2017|Categories: Audit, Employee 401(k), Suki Mann|Tags: , |Comments Off on The Proof is in the Audit