Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB
In today’s volatile, uncertain marketplace, risks are unavoidable. However, proactive owners and executives can manage business risks more effectively with an enterprise risk management (ERM) framework. A structured approach helps
According to Reuters, in 2025, global merger and acquisition (M&A) volume is expected to surge to the highest level in four years. M&As require thorough due diligence to reduce risks
Financial forecasting provides a roadmap to guide your organization on a path to success. Forecasts support strategic planning by helping you allocate resources efficiently, manage risks effectively, and optimize capital
Since running a small business often requires periodic cash infusions, knowing how to secure the right funding can determine whether your business succeeds or struggles. In such an instance, it’s
Financial statements provide insights into an organization’s historical performance. But the parties to a merger or acquisition are also interested in assessing the acquisition target’s potential to generate cash flow
Auditing standards require auditors to identify and assess the risks of material misstatement due to fraud and to determine overall and specific responses to those risks. Here are some answers
Many calendar-year entities are currently preparing for the start of audit fieldwork. One proactive way to facilitate your financial statement audit is to foster collaboration between your internal audit department
How often do you reconcile your organization’s internal financial records against your bank statements? Bank reconciliations are an essential internal control procedure that are sometimes overlooked or neglected by busy
Owners’ equity is the difference between the assets and liabilities reported on your organization’s balance sheet. Generally, there are two component pieces: capital contributions and retained earnings. The former represents
