Evaluating Your Audit Committee
Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors — is directly responsible for appointing, compensating, and overseeing external auditors. Periodically, it is
Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors — is directly responsible for appointing, compensating, and overseeing external auditors. Periodically, it is
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must comply with the landmark new revenue recognition standard in 2019. Many private company chief financial officers and controllers report
Business owners sometimes mistakenly equate profits with cash flow. Here is how this can lead to surprises when managing day-to-day operations and why many profitable companies experience cash shortages. Working
The mergers and acquisitions (M&A) market was hot last year, and that momentum is expected to continue in 2019. Before acquiring another business, however, it is important to do your
The Financial Accounting Standards Board (FASB) recently gave private companies long-awaited relief from one of the most complicated aspects of financial reporting — consolidation of variable interest entities (VIEs). Here
External audits are not required for every business. However, whether required or not, they can provide lenders and investors with assurance that your financial statements are free from material misstatement
As year-end approaches, it is time for calendar-year entities to perform physical inventory counts. This activity is more than a compliance chore. Proactive companies see it as an opportunity to
So, you are about to merge with another company. What is next? The integration process typically starts with audited financial statements that reflect the results and financial position of the
Investors, lenders, and other stakeholders have been vocal in recent years about pushing companies to provide more information in their financial reports about cybersecurity. Could your company do a better
Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here is guidance on how to estimate overhead rates to allocate these indirect costs to your