On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S.
Data security is a critical part of the audit risk assessment.
Your company’s financial statements should be transparent about any restrictions on cash.
Does your business need a loan? Before contacting your bank, it’s important to gather all relevant financial information to prove your business is creditworthy.
The footnotes to your company’s financial statements give investors and lenders insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making wel
Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets.
Auditing standards require a year-end risk assessment.
The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures.
It’s almost time for calendar-year businesses to prepare their year-end financial statements. If used correctly, these reports can be a valuable management tool.