Your CPA offers a wide variety of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to
Every financial transaction your company records generates nonfinancial data that does not have a dollar value assigned to it. Though auditors may spend most of their time analyzing financial records,
In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague. To help reduce stakeholders’ exposure to potential hidden risks, the
CPAs typically report historical financial performance, but sometimes they are hired to predict how a company will perform in the future. Prospective reporting options There are three types of reports
The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles is ‘fair value.’ This differs from other valuation standards that may apply when valuing a security
Businesses use two types of audits to gauge financial results: internal and external. Here is a closer look at how they measure up. Focus Internal auditors go beyond traditional financial
There are three types of financial statements under U.S. Generally Accepted Accounting Principles. Each one reveals different, but equally important, information about your company’s financial performance. And, together, they can
The accounting profession is largely self-regulated by the American Institute of CPAs (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the
Standard cost accounting does not necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more timely, relevant financial data. But it is not right
An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It is important for both buyers and sellers to look beyond the quantitative information
