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Traditionally, audit procedures for private companies tend to focus on the balance sheet.
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns.
The rules for reporting leasing transactions are changing.
Accounts receivables are classified under current assets on the balance sheet if you expect to collect them within a year or within the operating cycle, whichever is l
Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a recession by mid-2021, according to the 2019 year-end
Auditors use various procedures to verify the amounts reported on your financial statements.
Finding the right person to head up your company’s finance and accounting department can be challenging in today’s tight labor market.
Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future.
Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing.