Auditing Grant Compliance
Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here is what grant recipients should
Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here is what grant recipients should
Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group, or another component. In certain situations, such a disposal
It is important for franchisors to periodically audit individual franchisees. These routine ‘check-ups’ are especially valuable in a store’s early years of operations or if performance starts to deteriorate. They
The average company’s balance sheet understates its value by 80 percent, according to Sarah Tomolonius, co-founder of the Sustainability Investment Leadership Council. Why? Intangible assets are not recorded on the
On July 17, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the deferral would apply
In July, the Public Company Accounting Oversight Board (PCAOB) published two guides to help clarify a new rule that requires auditors of public companies to disclose CAMs in their audit
The Securities and Exchange Commission (SEC) does not monitor just publicly traded companies. It also looks at the dealings of some private companies, often to the surprise of their owners
Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies that amended their annual reports increased by 18 percent. Many
Failure to collect accounts receivable (AR) in a timely manner can lead to a myriad of financial problems for your company, including poor cash flow and the inability to pay
The Securities and Exchange Commission requires certain public companies to publish quarterly financial statements to give investors insight into midyear performance. Though interim reporting generally is not required for private