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Audit and Assurance Articles

 

BDO Nonprofit Standard | Summer 2019

BDO Nonprofit Standard | Summer 2019

Posted by Donna Gonser on July 29, 2019

Available through our affiliation with the BDO Alliance, download the summer edition of the Nonprofit Standard.

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Private Companies: Have you Implemented the New Revenue Recognition Standard?

Private Companies: Have you Implemented the New Revenue Recognition Standard?

Posted by Douglas Muth on June 27, 2019

It’s crunch time for private companies to implement the new revenue recognition standard. Here’s what you need to know, plus some valuable insight from public companies that went through the implementation process last year.

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Close-up on Professional Standards for CPAs

Close-up on Professional Standards for CPAs

Posted by John Schiavone on June 17, 2019

CPAs rank among the most trusted professionals. And that trust is well warranted because of the extensive guidance that accountants and auditors must follow.

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Predicting Future Performance

Predicting Future Performance

Posted by Sherry DelleBovi on June 14, 2019

CPAs don’t have a crystal ball, but they can estimate your company’s future performance.

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Put a QOE Report to Work for You

Put a QOE Report to Work for You

Posted by Timothy Bubar on June 14, 2019

Are you buying or selling a business? If so, a quality of earnings (QOE) report can help identify potential problems and value-adding opportunities, as well as expedite the M&A due diligence process.

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Close-Up On Financial Statements

Close-Up On Financial Statements

Posted by Douglas Muth on June 12, 2019

There are three types of financial statements. One is the income statement. Can you name the other two?

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Now or Later? When to Report Subsequent Events

Now or Later? When to Report Subsequent Events

Posted by Seth Hennard on June 11, 2019

Beware: Floods, fires, mergers and other major events that happen after the end of the accounting period may have to be reported or disclosed in your company’s financial statements.

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Measuring “Fair Value” For Financial Reporting Purposes

Measuring “Fair Value” For Financial Reporting Purposes

Posted by Michael Grimaldi on June 11, 2019

Certain assets and liabilities must be reported at fair value, rather than historic cost. Find out what the term “fair value” means, how it differs from other standards and why you shouldn’t recycle a valuation.

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Comparing Internal and External Audits

Comparing Internal and External Audits

Posted by Sara Dayton on June 03, 2019

Internal and external auditors provide complementary coverage of financial matters that can help you make informed business decisions. What’s the difference between them?

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New Law Eases SBA Financing Rules for ESOPS

New Law Eases SBA Financing Rules for ESOPS

Posted by Michael Grimaldi on April 11, 2019

Small business owners looking to convert their organization to an employee-owned company may have an easier path thanks to a new law signed by President Donald Trump last year.

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