If your organization’s financial statements are audited, chances are your auditor will send out external confirmations. These information requests may be sent directly to your customers, vendors, banks, attorneys, and
Turnover in finance and accounting (F&A) leadership is on the rise. In 2024, chief financial officer (CFO) turnover among Standard & Poor’s 500 companies hit 17.8%, tying a record high
In this uncertain economic climate, organizations face mounting pressures that can increase the risk of fraudulent activities. Auditors play a critical role in identifying and mitigating these risks through comprehensive
The Financial Accounting Standards Board (FASB) finalized, on May 12, 2025, new guidance that clarifies how to identify the acquirer in mergers and acquisitions (M&As) involving variable interest entities (VIEs). The
The month-end close is a pain point for many small to midsize organizations. While internal accounting teams often aim to wrap up the close within three days, a recent survey
For many businesses, accounts receivable (AR) are more than just a line item on the balance sheet. This account is a key indicator of potential cash flow, customer relationships, and
In recent years, interest rates have increased and credit has tightened. Under these conditions, which are expected to persist in the coming months, securing a commercial loan can be challenging
With new tariff structures and global trade relationships, businesses are working to identify supply chain costs and plan for inventory. As details of future U.S. trade agreements with other countries
Property, plant, and equipment (PPE) assets aren’t immediately expensed under U.S. Generally Accepted Accounting Principles (GAAP). Instead, they’re capitalized on your organization’s balance sheet and gradually depreciated over their useful
Many balance sheet items are reported at historical cost. However, organizations that follow U.S. Generally Accepted Accounting Principles (GAAP) are currently required to report certain assets and liabilities at “fair
