Do you know the signs of financial distress in a business?
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.
Ana Carolina Fernandez is a senior manager in the firm’s Accounting and Assurance department. She has planned and conducted several audits, reviews, and compilations for closely held private companies and not-for-profit organizations.
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.
We are fast approaching 2022, so it is time to consider the new leasing standard for calendar-year entities, which becomes effective January 1, 2022.