Audit and Assurance Articles
Close-up on Professional Standards for CPAs
Posted by 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.
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.
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.
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?
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.
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.
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?
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.
Ideas to Strengthen Your Business in 2019 and Beyond
Posted by Jonathan Roller on March 01, 2019
New Year's is traditionally a time to make resolutions for the upcoming months. Once you set your personal goals, it's time to get serious about your business goals. Here are ten resolutions you might consider making — and sticking to — to put you on track to prosper in 2019.
Remittance Schedules: How to Know and Meet Your Deadlines
Posted by Thomas Burns on February 13, 2019
Part of offering a defined contribution plan, whether a 401(k) or a 403(b) plan, is making sure that the money participants contribute from their paycheck is deposited in their retirement account in a timely manner. While this might seem like a relatively minor and simple task in the scope of a plan sponsor’s fiduciary duties, the Department of Labor (DOL) views non-compliance with remittance rules as a major issue, and missing deadlines for deposits—even by a couple of days—can carry significant penalties.