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Bookkeeping Pitfalls

Four Bookkeeping Pitfalls To Avoid For Small Businesses

Accurate bookkeeping is critical to successfully operating a small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common bookkeeping pitfalls — and

Bookkeeping Pitfalls

Top Audit Committee Concerns Per A New Survey

Audit committees act as gatekeepers over the accounting and financial reporting processes, including the effectiveness of the organization’s control environment. However, as the regulatory landscape becomes increasingly complex and organizations

Bookkeeping Pitfalls

Strategies For Effective Inventory Management

Inventory is a key balance sheet item for many organizations. Depending on the nature of your operations, inventory may include raw materials, work-in-progress (WIP) inventory, and finished goods. While you

Bookkeeping Pitfalls

WIP Insight: A Modern Audit Perspective

External auditors dedicate significant time during fieldwork evaluating how organizations report work in progress (WIP) inventory. This focus is critical because accurately reporting WIP helps ensure transparency and reliability in

Bookkeeping Pitfalls

Shining A Light On Auditor Independence

Auditor independence is very important in the accounting profession. Auditors’ make a commitment to follow the standards set forth by the American Institute of Certified Public Accountants (AICPA), the Securities