Posts Tagged ‘Audit’
By Edelstein on December 6, 2021
An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year. They’ll accept copies or client-prepared schedules for certain
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Posted In: Alerts & Advisories
By Edelstein on November 22, 2021
Are you thinking about merging with or acquiring a business? CPA-prepared financial statements can provide valuable insight into historical financial results. But an independent quality of earnings (QOE) report can be another valuable tool in
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Posted In: Alerts & Advisories
By Edelstein on November 15, 2021
Auditing standards require external auditors to consider potential fraud risks by watching out for conditions that provide the opportunity to commit fraud. Unfortunately, conditions during the COVID-19 pandemic may have increased your company’s fraud risks.
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Posted In: Alerts & Advisories
By Edelstein on November 8, 2021
On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies to more easily measure certain types of shares they provide to both employees and nonemployees as
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Posted In: Alerts & Advisories
By Edelstein on November 1, 2021
Graphs, performance dashboards and other visual aids can help managers, investors and lenders digest complex financial information. Likewise, auditors also use visual aids during a financial statement audit to quickly identify trends and anomalies that
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Posted In: Alerts & Advisories
By Edelstein on October 25, 2021
Interest in environmental, social and governance (ESG) matters has grown significantly during the COVID-19 pandemic. And that momentum may continue under the Biden administration. Currently, about 90% of large public companies voluntarily publish so-called “sustainability
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Posted In: Alerts & Advisories
By Edelstein on October 18, 2021
With the COVID-19 pandemic well into its second year and the start of planning for the upcoming audit season, you may have questions about how to evaluate your company’s going concern status. While some industries
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Posted In: Alerts & Advisories
By Edelstein on October 11, 2021
The COVID-19 pandemic is still adversely affecting many businesses and not-for-profit organizations, but the effects vary, depending on the nature of operations and geographic location. Has your organization factored the effects of the pandemic into
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Posted In: Alerts & Advisories
By Edelstein on October 4, 2021
Timely financial reporting is key to making informed business decisions. Managers need to know what’s in the pipeline to respond promptly and decisively. Unfortunately, it typically takes several weeks to prepare financial statements under U.S.
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Posted In: Alerts & Advisories
By Edelstein on September 27, 2021
Timely financial data is key to making informed business decisions. Unfortunately, it’s common for managers to struggle with their companies’ accounting systems to get the information they need, when they need it. Often, it takes
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Posted In: Alerts & Advisories