Posts Tagged ‘Audit’
By Edelstein on February 27, 2023
Graphs, charts, tables and other data visualizations can be inserted in your financial statement disclosures to improve transparency and draw attention to key accomplishments. As your organization prepares its year-end or quarterly financials, consider presenting
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 13, 2023
It can be challenging to keep track of which accounting rules are changing, when the changes kick in and for which types of entities. Plus, implementing the necessary revisions to your organization’s procedures and systems
READ MORE
Posted In: Alerts & Advisories
By Edelstein on January 16, 2023
CPA firms do more than audits and tax returns. They can also help you with everyday accounting-related tasks, such as bookkeeping, budgeting, payroll and sales tax filings. Should your organization outsource its accounting needs? Here
READ MORE
Posted In: Alerts & Advisories
By Edelstein on December 19, 2022
What do Tesla cars, smart TVs and equipment used for making french fries have in common? The answer is embedded software, according to recent comments by Financial Accounting Standards Board (FASB) Vice Chair James Kroeker.
READ MORE
Posted In: Alerts & Advisories
By Edelstein on November 21, 2022
Digital assets such as cryptocurrencies and non-fungible tokens (NFTs) are growing and disrupting the way consumers and businesses pay, bank, and invest. A recent survey by Capitalize found that 60 percent of respondents would like
READ MORE
Posted In: Alerts & Advisories
By Edelstein on November 14, 2022
How accurate is the amount reported in your company’s perpetual inventory system? To best answer that question, a physical count is essential at year end. For calendar-year entities, year end is fast approaching on December
READ MORE
Posted In: Alerts & Advisories
By Edelstein on November 7, 2022
Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that
READ MORE
Posted In: Alerts & Advisories
By Edelstein on October 17, 2022
Technology is taking auditors into the 22nd century. While auditors are beginning to explore the possibilities afforded by technology, including predictive analytics and the cloud, expectations are changing quickly. Soon, investors and regulators alike will
READ MORE
Posted In: Alerts & Advisories
By Edelstein on October 10, 2022
Securities and Exchange Commission (SEC) Chair Gary Gensler spoke during a recent webcast to commemorate the 20-year anniversary of the Sarbanes-Oxley Act. Gensler recommended that the SEC take a “fresh look” at its rules on
READ MORE
Posted In: Alerts & Advisories
By Edelstein on October 4, 2022
Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect
READ MORE
Posted In: Alerts & Advisories