Assurance Archives | Audits | Compilations | Reviews

Reporting and managing inventory

January 10, 2022 Kristin McCoy Assurance, Financial & Professional Services, Manufacturing business processes, inventory, reporting

Are inefficient inventory practices dragging down your business? It’s important to regularly review your approach.

Commission fraud: When salespeople get paid more than they’ve earned

January 5, 2022 Travis Jones Assurance, Financial Forensics & Valuation, Fraud commissions, Fraud, fraud detection

When structured and managed correctly, a commission program can boost employee compensation and morale. But it also can tempt salespeople to commit fraud. Here’s how to contain the threat.

How to assess fraud risks today

November 15, 2021 November 22, 2021 Travis Jones Assurance Fraud, risk assessment

In today’s uncertain marketplace, it’s important to look at fraud risks from a fresh perspective. Here’s how auditors are doubling down in their efforts to accurately assess emerging and increased fraud risks during the pandemic.

Lease Standard Makes Impact on Balance Sheet

October 25, 2021 October 26, 2021 Ana Carolina Fernandez and Travis Jones Assurance FASB, leases

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.

Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?

August 20, 2021 September 23, 2021 Accounting & Assurance Department Assurance, Nonprofit FASB, GAAP, leases, long-term leases

Coming soon: Private companies and nonprofits that rent equipment, vehicles and real estate will need to update their accounting systems for major changes to the rules for long-term leases under U.S. GAAP.

Don’t assume your profitable company has strong cash flow

June 17, 2021 October 6, 2021 Accounting & Assurance Department Assurance cash flow, financial statements, GAAP

If your business’s bottom line is strong, that’s good news. But you still need to keep a close eye on cash flow. Here’s why.

Using your financial statements to evaluate capital budgeting decisions

May 21, 2021 Accounting & Assurance Department Assurance, Financial & Professional Services, Manufacturing capital investment, financial statements, growth, strategic investments

Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.

How auditors assess cyber risks

March 22, 2021 March 25, 2021 Accounting & Assurance Department Assurance, SOAR audit, cybersecurity, oversight, PCAOB, risk, risk assessment

Companies that fail to secure sensitive customer data and intellectual property won’t last long. Auditors can help measure and mitigate your company’s risk of a cyberattack.

Accounting for property, plant and equipment assets

February 19, 2021 February 22, 2021 Accounting & Assurance Department Assurance depreciation, financial reporting, financial statements, GAAP, PPE, Section 179

Which asset costs must be capitalized, how long will an asset provide value and which depreciation method is appropriate? Click the link for answers to common questions on reporting property, plant and equipment.