How external confirmations are used during an audit
August 16, 2022
External confirmations are one of the simplest, but most effective, audit tools. Do you understand how they work?
Evaluating “going concern” concerns
August 9, 2022
Is your business struggling? If you have “substantial doubt” about its ability to continue normal operations, you may encounter financial reporting issues. Here’s important information to review.
How to account for collaborative agreements
August 1, 2022
Payments related to joint ventures and other so-called “collaborative arrangements” can be tricky to report under U.S. GAAP. Our accounting pros can help provide clarity and direction.
Remote auditing: A brave new world
July 22, 2022
Pandemic-related lockdowns have forced auditors to conduct many procedures off-site. That change may not necessarily be temporary. After realizing the potential benefits, remote audit procedures may be part of the “new normal” going forward.
Last call for lease accounting
July 20, 2022
Private companies: Have you implemented the new lease accounting rules? If not, you can’t afford to procrastinate any longer. Here’s what you’ll need to do before year end and how it may impact your financials.
Paying tribute to auditor independence
July 12, 2022
External auditors are supposed to be public watchdogs who are “independent” of their audit clients, both in appearance and in fact. This may seem like common sense, but independence issues remain at the forefront of stakeholder concerns today.
