Author Archive : Edelstein

April 2021 at Edelstein

As we head later into Spring, we wanted to take a moment to reflect on April. Watch the video below to see what Edelstein was up to.   Watch our March at Edelstein video, here.

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Posted In: Videos

Accounting & Audit Alert- Liabilities for unused time off mount as pandemic lingers

During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. This situation has caused an increase in accruals for certain employers. Here’s some

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Posted In: Alerts & Advisories

Client Perspective: How Edelstein Guided a Client Through a Firm Sale & Acquisition

Congratulations to our client who recently had the successful sale of their business. We are happy that their hard work paid off and we were able to be part of the process. Below are some

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Posted In: News

Accounting & Audit Alert- Accounting for business combinations

If your company is planning to merge with or buy another business, your attention is probably on conducting due diligence and negotiating deal terms. But you also should address the post-closing financial reporting requirements for

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Posted In: Alerts & Advisories

Accounting & Audit Alert- What’s on the FASB’s 2021 agenda?

In December 2020, Richard Jones stepped up as chairman of the Financial Accounting Standards Board (FASB). After meeting with stakeholders in early 2021, Jones identified a list of high-priority projects that he plans to tackle

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Reporting profits interest awards

During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain skilled workers. In lieu of providing cash bonuses or annual raises, some companies may decide

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Updated guidance for impairment testing: When to consider triggering events

On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified alternative may provide relief to

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Posted In: Alerts & Advisories

March 2021 at Edelstein

As we head into April, we wanted to take a moment to reflect on March here at Edelstein. Watch the video below to see our highlights. Watch our February 2021 at Edelstein video here.

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Posted In: Videos

Accounting & Audit Alert- 4 ways to improve the effectiveness of your audit committee

Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider taking these following four steps

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How auditors assess cyber risks

Data security is a critical part of the audit risk assessment. If your financial statements are audited, your audit team will tailor their procedures to answer critical questions about cyber risks and the effectiveness of

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Posted In: Alerts & Advisories