Remember Enron? Doing business with so-called “related parties” may result in nepotism, sweetheart deals and skewed financial results. Here’s how auditors customize their procedures for related-party transactions.
New audit committee survey reveals trends on risks, ESG reporting, and more
What are the top concerns your organization is currently facing? This is just one of the questions audit committee members were asked in a recent survey about the audit process in 2021.
Why the new revenue recognition and nonprofit standards are significant for nonprofits
If you’re a nonprofit, be prepared for some potential major changes to the way you recognize revenue. Performing this new analysis will be crucial to understanding how to recognize revenue from your various funding sources.