Posts Tagged ‘Audit’
By Edelstein on July 11, 2023
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
By Edelstein on June 20, 2023
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still need to monitor their financial health — that is, how much funding is coming
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Posted In: Alerts & Advisories
By Edelstein on June 5, 2023
Private companies can breathe a sigh of relief: The Financial Accounting Standards Board (FASB) and the Private Company Council have agreed to give them a pass on a coming proposal that, if approved, would require
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Posted In: Alerts & Advisories
By Edelstein on May 22, 2023
Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs and falling consumer confidence. If your company is planning a major strategic shift this year, management may need
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Posted In: Alerts & Advisories
By Edelstein on May 15, 2023
Working capital — the funds your company has tied up in accounts receivable, accounts payable and inventory — is a critical performance metric. During times of rising inflation and interest rates, managers search for ways
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Posted In: Alerts & Advisories
By Edelstein on May 1, 2023
Generally Accepted Accounting Principles (GAAP) is generally considered the gold standard in financial reporting in the United States. But private and public entities may sometimes use non-GAAP metrics in their disclosures and press releases or
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Posted In: Alerts & Advisories
By Edelstein on April 10, 2023
What do you do with your financial statements after your CPA delivers them? If you’re like most business owners and managers, you breathe a sigh of relief that they’re finished, file them away and go
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Posted In: Alerts & Advisories
By Edelstein on March 27, 2023
Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the logic of real-world economics. Here’s a brief overview to help clarify matters. What are deferred
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Posted In: Alerts & Advisories
By Edelstein on March 13, 2023
Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness of financial statement audits. Here’s a summary of the types of “substantive evidence” auditors gather
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Posted In: Alerts & Advisories
By Edelstein on February 27, 2023
Graphs, charts, tables and other data visualizations can be inserted in your financial statement disclosures to improve transparency and draw attention to key accomplishments. As your organization prepares its year-end or quarterly financials, consider presenting
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Posted In: Alerts & Advisories