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Accounting
Why do companies restate financial results?
Every year, research firm Audit Analytics publishes a study about financial restatement trends.
Private companies: Beware of SEC scrutiny
The Securities and Exchange Commission (SEC) doesn’t monitor just publicly traded companies.
The pros and cons of interim reporting
The Securities and Exchange Commission (SEC) requires certain public companies to publish quarterly financial statements to give investors insight into midyea
In pursuit of global tax transparency
In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague.
How auditors use nonfinancial information
Every financial transaction your company records generates nonfinancial data that doesn’t have a dollar value assigned to it.
AUP engagements: A middle ground between audits and consulting services
Your CPA offers a wide menu of services.
Predicting future performance
CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future.
Close-up on financial statements
There are three types of financial statements under U.S. Generally Accepted Accounting Principles (GAAP).
Comparing internal and external audits
Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they measure up.
Buy vs. lease: Business equipment edition
Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease.
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