When The Early Bird Commits The Fraud, You Need To Catch It
Early revenue recognition has long accounted for a substantial portion of financial statement fraud. By recording revenue early, a dishonest business seller or...
12 August, 2019
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KPM is a highly experienced firm of CPAs and advisors that has served clients throughout Southwest Missouri for decades. As you may know, the accounting industry is always evolving amid complex rules and regulations. As a result, our firm publishes timely updates on a variety of accounting topics to help keep you informed.
A Few Basics Of Safe Harbor 401(K) Plans
Many growing businesses and other types of employers want to offer a 401(k) plan but do not want to deal with the stress...
09 August, 2019
Reporting Discontinued Operations
Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group, or another...
09 August, 2019
Is It Time To Hire A Chief Financial Officer (CFO) Or Controller?
Many business owners reach a point where managing the financial side of the enterprise becomes overwhelming. Usually, this is a good thing —...
07 August, 2019
Accountable Plans Save Taxes For Staffers & Their Non-Profit Employers
Have staffers complained because their expense reimbursements are taxed? An accountable plan can address the issue. Here is how accountable plans work and...
07 August, 2019
The Tax Implications Of Being A Winner
If you are lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, however, be ready to deal...
06 August, 2019
To Be Effective, You Cannot Fight Fraud Passively
When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective...
05 August, 2019
Frequently Asked Questions About Critical Audit Matters (CAMs)
In July, the Public Company Accounting Oversight Board (PCAOB) published two guides to help clarify a new rule that requires auditors of public...
02 August, 2019
Four Common Mistakes When Outsourcing Human Resources (HR) Functions
For many small and even some midsize employers, keeping up with the regulatory and administrative functions of HR is not easy. Sometimes most or...
02 August, 2019
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