How COVID-19 Could Impact Year-End Inventory Counts

Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when external auditors traditionally observe physical inventory counts for calendar-year [...]

By |2020-11-30T12:33:18-05:00November 30th, 2020|Categories: Audit, Blog, COVID-19|Tags: , , , , , |Comments Off on How COVID-19 Could Impact Year-End Inventory Counts

Preparing for the Possibility of a Remote Audit

The coming audit season might be much different than seasons of yore. As many companies continue to operate remotely during the COVID-19 pandemic, procedures are being adjusted accordingly for a remote audit. Here’s what might change as auditors work [...]

By |2020-11-06T13:06:37-05:00November 6th, 2020|Categories: Audit, Blog|Tags: , , , , , , , , |Comments Off on Preparing for the Possibility of a Remote Audit

How to Prepare for Year-End Physical Inventory Counts

As year end approaches, it’s time for calendar-year entities to perform physical inventory counts. This activity is more than a compliance chore. Proactive companies see it as an opportunity to improve operational efficiency. Inventory basics Under U.S. Generally Accepted [...]

By |2020-01-03T20:02:45-05:00December 14th, 2018|Categories: Audit, Blog, Small Business Services, Tax|Tags: , |Comments Off on How to Prepare for Year-End Physical Inventory Counts
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