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Financial Reporting

How External Auditors Address Cybersecurity

Experiencing a data breach can lead to significant financial implications. As per a recent 2023 survey conducted by the Ponemon Institute, a research center specializing in privacy, data protection, and

Financial Reporting

The Offsetting Rules: Here’s What You Need To Know

In the current uncertain economic landscape, companies delving into hedging strategies may find it necessary for management to familiarize themselves with the accounting regulations governing offsets. Here are the basics

Financial Reporting

Have You Prepared For Year-End Inventory Counts?

It’s that time of year again for some calendar-year businesses to perform physical inventory counts. Beyond being a time-consuming task, this activity presents a chance to enhance your company’s operational

Financial Reporting

M&A Accounting Rules

Mergers and acquisitions (M&A) transactions carry substantial consequences for financial reporting. Most notably, the company’s balance sheet undergoes a substantial transformation compared to its pre-merger state. Here’s helpful guidance on