audit

External audits offer many benefits to nonprofits

7/17/2020

Even if your nonprofit isn’t required to have an external audit, there are many good reasons to obtain this added level of assurance.

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Accounting for cloud computing arrangements

7/6/2020

Cloud computing is reshaping the storage of critical business information. But setting up these arrangements can be costly. Here’s the lowdown on new accounting rules that clarify how to account for these costs.

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Revenue recognition and leases: FASB gives certain entities more time

5/29/2020

Do you need more time to implement the new accounting rules on revenue recognition and leases? Good news: The FASB has approved one-year deferrals for certain entities.

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Independent assurance inspires confidence in sustainability reports

5/15/2020

What is a “sustainability” report? What reporting standards apply? And why does your report need an external audit? Find the answers here.

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COVID-19: A reminder of why cross-training your accounting staff is key

5/8/2020

Is your accounting department prepared for the unexpected? Find out why cross-training is invaluable in situations such as the COVID-19 crisis and how to implement it.

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Going, going, gone: Going concern assessments in the midst of COVID-19

4/24/2020

Is your company struggling during the novel coronavirus (COVID-19) pandemic? You’re not alone. Here’s how to evaluate your company’s long-term viability and, if substantial doubts exist, how it will impact financial reporting.

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Auditing revenue

3/20/2020

Why are private company auditors giving special attention to revenue recognition this audit season?

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Beware: Coronavirus may affect financial reporting

3/13/2020

Anxiety about the coronavirus pandemic is spreading at least as fast as the virus itself. Investors and other financial statement users want to know how your business is managing this emerging risk factor.

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Lease or buy? Changes to accounting rules may change your mind

3/6/2020

For decades, manufacturers, contractors and other capital-intensive entities have struggled with the decision to buy or lease fixed assets. Recent changes to the accounting rules add a new twist to the decision-making process.

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When to write off stale receivables

2/28/2020

What percentage of your receivables will you actually collect? Inevitably, every business must write off some “bad debts.” Here’s how to estimate a reasonable allowance.

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