Posts Tagged ‘Audit’

Accounting & Audit Alert- Construction Contract Audits: Safeguarding Your Project’s Bottom Line

Construction projects are all about building and creating something new. But the often time-consuming, capital intensive process can lead to costly overcharges, unnecessary waste, and damaging fraud. To help reduce those risks, an independent, third-party

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Posted In: Alerts & Advisories

Accounting & Audit Alert- 2024 Deadlines and Important Dates for Plan Sponsors

Sponsors of defined benefit and defined contribution retirement plans should keep the following deadlines and other important dates in mind as they work toward ensuring compliance for their plans in 2024. Dates assume a calendar

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Posted In: Alerts & Advisories

Kristen Leccacorvi Promoted to Audit Principal

It is with great enthusiasm that Edelstein announces the promotion, effective January 1, 2024, of Kristen Leccacorvi to Audit Principal, in our A&A commercial practice. Kristen joined Edelstein in 2018. Throughout her tenure at the

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Posted In: News

Accounting & Audit Alert – It’s Always Been a Matter of Trust

Digital transformation is nothing new. While keeping up with the latest technology is important, it also carries risks – from data security to regulatory compliance. Your customers, business partners, investors, and regulators trust you to

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Navigating the percentage-of-completion method

Does your business work on projects that take longer than a year to complete? Recognizing revenue from long-term projects usually requires use of the “percentage-of-completion” method. Here’s an overview of when it’s required and how

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Posted In: Alerts & Advisories

Accounting & Audit Alert- New report identifies high-risk areas in financial reporting

In July 2023, the Public Company Accounting Oversight Board (PCAOB) published a report that highlights common areas of audit deficiencies for public companies. Private companies face similar challenges when reporting their financial results. Internal accounting

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Overhead allocations: Rising costs require a fresh, disciplined mindset

From utilities and interest expense to executive salaries and insurance, many overhead costs have skyrocketed over the last few years. Some companies have responded by passing along the increases to customers through higher prices of

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Selecting a qualified auditor for your employee benefit plan

Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are generally required to have their annual reports audited under the Employee Retirement Income Security Act

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Receivables: Quality counts

For many companies, a significant line item on the balance sheet is accounts receivable. But can you take the amount reported at face value, or could there be more to the story? It’s important to

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Supplement your financial statements with timely flash reports

Timely financial information is critical to a successful business or nonprofit organization. In today’s dynamic marketplace, you may need to act fast to ward off potential threats and risks — and jump on new opportunities.

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Posted In: Alerts & Advisories