Category

Audit

Audit
June 14, 2019

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…
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Audit
June 10, 2019

Measuring “fair value” for financial reporting purposes

The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.” This differs…
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Audit
May 29, 2019

Close-up on financial statements

There are three types of financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Each one reveals different, but equally…
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Audit
May 13, 2019

Put a QOE report to work for you

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both…
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Now or later? When to report subsequent events
Audit
April 17, 2019

Now or later? When to report subsequent events

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter.…
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Audit
April 11, 2019

Auditing accounting estimates and the use of specialists

The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting…
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Audit
April 3, 2019

Transparency is key with related party transactions

In recent years, external auditors have focused more attention on related party transactions. Although related party transactions aren’t necessarily bad,…
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Audit
March 28, 2019

ESG issues: To report or not to report?

Securities and Exchange Commission (SEC) Chairman Jay Clayton recently said that public companies shouldn’t be required to disclose information concerning…
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Audit
March 15, 2019

Audits hone in on cybersecurity

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a result. That’s the…
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Audit
March 14, 2019

How to report stock compensation paid to non-employees

The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to non-employees for providing goods…
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