Overcoming The Challenges Of Remote Auditing During The COVID-19 Crisis

Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external auditors are no exception. Fortunately, in recent years, most audit firms have been investing in technology and training to facilitate [...]

By |2020-05-22T13:27:17-04:00May 22nd, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Overcoming The Challenges Of Remote Auditing During The COVID-19 Crisis

Going, Going, Gone: Going Concern Assessments In The Midst Of COVID-19

The novel coronavirus (COVID-19) pandemic has adversely affected the global economy. Companies of all sizes in all industries are faced with closures of specific locations or complete shutdowns; employee layoffs, furloughs or restrictions on work; liquidity issues; and disruptions [...]

By |2020-04-24T14:49:32-04:00April 24th, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Going, Going, Gone: Going Concern Assessments In The Midst Of COVID-19

Risk Assessment: A Critical Part of the Audit Process

Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to prepare — and how you can help facilitate the audit planning process. The big picture Every audit starts with [...]

By |2019-12-18T18:31:36-05:00December 18th, 2019|Categories: Audit, Blog|Tags: , , |Comments Off on Risk Assessment: A Critical Part of the Audit Process

Close-Up on Pushdown Accounting for M&As

Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If you’re currently in the market to merge with or buy a business, you might not be aware of updated financial reporting guidance that took effect [...]

By |2019-11-18T15:17:58-05:00November 18th, 2019|Categories: Audit, Blog|Tags: , , , |Comments Off on Close-Up on Pushdown Accounting for M&As

5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the [...]

By |2019-10-16T16:47:09-04:00September 16th, 2019|Categories: Audit, Blog, Small Business Services, Tax|Tags: , , , |Comments Off on 5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment

AUP Engagements: A Middle Ground Between Audits and Consulting Services

Your CPA offers a wide menu of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to U.S. Generally Accepted Accounting Principles (GAAP). Consulting services, in [...]

By |2019-10-17T13:41:59-04:00June 17th, 2019|Categories: Audit, Blog, Consulting, Small Business Services, Tax|Tags: , |Comments Off on AUP Engagements: A Middle Ground Between Audits and Consulting Services

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: , |Comments Off on Let Financial Statement Audits Boost Your Business

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: , , |Comments Off on It’s Important to Monitor your SEC Filing Status

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: , , |Comments Off on Transitioning to remote audits

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: , , |Comments Off on Using analytical procedures in an audit provides many benefits