Not-for-Profit organizations require specialized accounting, compliance, and consulting when it comes to financial reporting. Meeting these needs requires professionals who understand the complexity and can deliver the full range of…
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What do you do with your financial statements when your auditor delivers them? Resist the temptation to just file them away — they’re more than an exercise in compliance. With…
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Securities and Exchange Commission (SEC) Chair Gary Gensler spoke during a recent webcast to commemorate the 20-year anniversary of the Sarbanes-Oxley Act. Gensler recommended that the SEC take a “fresh…
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Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits,…
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The AICPA’s System & Organization Control (SOC) suite of attestation reports are a unique and valuable set of audit and reporting standards. They allow a company to provide its customers with an independent CPA’s opinion on a…
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An interesting tool called Benford’s Law can be effective in detecting fraud. But it also can be used during external auditing procedures to test journal entries for unusual numeric patterns.…
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