How COVID-19 Could Impact Year-End Inventory Counts
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when
The demand for qualified accounting and finance personnel has grown as business owners struggle to manage unpredictable cash flows, increased costs, and new government policies and financial aid packages. Plus,
As year end approaches, it is a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses. There are specific rules regarding accounting cutoffs under U.S.
From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. While some level of risk is inevitable when operating a business, proactive owners
The coming audit season might be much different than past seasons. As many companies continue to operate remotely during the COVID-19 pandemic, audit procedures are being adjusted accordingly. Here is
A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That is why it is important to identify and manage potential conflicts
Cash flow is a top concern for most businesses today and forecasts can help you predict potential shortfalls and proactively address working capital gaps. They also can help avoid late
On September 30, the Financial Accounting Standards Board (FASB) finalized a rule to defer the effective date of the updated long-term insurance standard for a second time. The deferral will
Remote audit procedures can help streamline the audit process and protect the parties from health risks during the COVID-19 crisis. However, seeing people can be essential when it comes to
On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information about noncash contributions charities and other non-profit organizations receive known as