Assurance Tag

You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they do not mean much. That is why it is important to compare your company’s performance over time and against competitors. Conduct a well-rounded evaluation A comprehensive...

The Financial Accounting Standards Board (FASB) has not issued any major new accounting rules in 2019. But there have been some important developments to be aware of when preparing annual financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Deferral of major accounting rules Accounting Standards Update...

Most businesses report financial performance using GAAP. But the income-tax-basis format can save time and money for some private companies. Here is information to help you choose the financial reporting framework that will work for your situation. The basics GAAP is the most common financial reporting standard...