Archive for August, 2022

Edelstein Announces 2022 Promotions

On Thursday, August 4, 2022, Edelstein announced the promotions of the following team members: Katie Mrozowski, Audit Senior Associate Jessica Smith, Audit Senior Associate Gabby Valente, Audit Senior Associate Danny Young, Business Valuation Supervisor Matt

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Posted In: News

Edelstein Named as Top 200 Firm for Seventh Consecutive Year

We are proud to announce that Edelstein has again been named as one of the Top 200 (#168) accounting firms in the nation by Inside Public Accounting (IPA). Firms are ranked by U.S. net revenues

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Posted In: Awards

Emerging Tax Alert- The Inflation Reduction Act includes wide-ranging tax provisions

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions related to climate change, health

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Cyber risks: A critical part of your auditor’s risk assessment

As businesses and not-for-profit entities increasingly rely on technology, cyberthreats are becoming more sophisticated and aggressive. Auditors must factor these threats into their risk assessments. They can also help you draft cybersecurity disclosures and brainstorm

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How external confirmations are used during an audit

Auditors commonly use confirmations to verify such items as cash, accounts receivable, accounts payable, employee benefit plans and pending litigation. Under U.S. Generally Accepted Auditing Standards, an external confirmation is “a direct response to the

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Evaluating “going concern” concerns

Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the assumption that the company will continue normal business operations into the future. When liquidation is imminent, the liquidation basis of

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Posted In: Alerts & Advisories