Accounting

Many companies have an internal audit department that tests whether the organization is accurately reporting…

In today’s volatile economy, many businesses and nonprofits have been required to write down the…

In recent years, accounting rule makers have issued guidance that requires certain items on the…

Small businesses may start off using the cash-basis method of accounting. But many eventually convert…

Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change…

Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries and affiliated…

Recently, the news media has given a lot of attention to initial public offerings using…

Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of…

The first page of audited financial statements is the auditor’s report. This is an important…

Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax…