Skip to content
  • About Us
    • Mission, Vision, and Values
    • Culture
    • Leadership Team
    • Women RISE
    • Community Involvement
    • Trade and Professional Involvement
    • Leading Edge Alliance
  • A-Z Blog
  • Assurance
    • Audited Financial Statements
    • Reviewed Financial Statements
    • Compiled Financial Statements
    • Employee Benefit Plan Audits
  • Tax
    • ASC 740 Tax Provisions
    • Business Tax Services
    • Cost Segregation
      • Cost Segregation Calculator
    • Estate Planning
      • Charitable Gift and Estate Planning
      • Estate Tax Planning & Preparation
      • Strategic & Succession Planning
    • International Tax
      • Canada-U.S. Tax Services
      • Foreign Investment in Real Property Tax Act
      • Passive Foreign Investment Company (PFIC)
      • IC-DISC
    • México y EU – Contadores Públicos Certificados
    • A Guide to Investing in Arizona’s Opportunity Zones
      • Qualified Opportunity Zone Consulting Services
    • State and Local Taxes
    • Stock Option Taxation
    • Tax Planning and Preparation
    • Tax Planning and Projections
    • Written Managed Review
  • SOAR / Consulting
    • Accounting Services
      • Bookkeeping
    • CFO Services
    • Cybersecurity
      • Outsourced Cybersecurity
      • Cybersecurity Assessments & Testing
        • Penetration Testing
      • Governance, Risk & Compliance
      • Partnered Security Service Provider™
      • Specialized Cybersecurity Services
        • Virtual CISO Services
    • Financial Forensics & Valuation Services
      • Business Valuation Services
      • Fraud Investigations and Forensic Accounting
      • Marital Dissolution Services
      • Economic Damages
      • Bankruptcy, Restructuring & Turnaround
      • Court Appointments
      • Our Team
    • Payroll Processing
    • Strategic Services
      • Value Growth Services
      • Strategic Planning
      • Succession Planning
      • Exit Planning
    • Pension Plan Design and Administration
  • Industries
    • Cannabis
    • Construction
      • AZ TPT Commercial Contractor Decision Tree (2019)
      • AZ TPT Residential Contractor Decision Tree (2019)
    • Financial & Professional Services
      • Architecture and Engineering Firms
      • Financial Advisory Firms
      • Insurance Agencies and Brokerages
      • Law Firms and Attorneys
    • Healthcare
    • Manufacturing
    • Nonprofit
      • Applications for Tax-Exempt Status
      • Charitable Gift and Estate Planning
      • Nonprofit Merger Consultation
      • Preparation of Exempt Organization Annual Tax Returns
    • Real Estate
      • 1031 Like-Kind Exchanges
      • Passive vs. Active Losses
      • Business Structure and Organizational Consulting
      • Cost Segregation
      • Rental Real Estate
      • Rate of Return Analysis
      • Operating, Partnership and Management Agreement Reviews
      • Real Estate Purchase and Sale Tax Planning
      • A Guide to Investing in Arizona’s Opportunity Zones
      • FAQs About Net Investment Income Tax (NIIT)
      • FAQs About Real Estate Professionals
    • Restaurant
      • Operational Reviews
    • Technology
  • Careers
  • Resources
    • Client Center
    • COVID-19 Resource Center
    • Newsletter
    • Events
    • Arizona CFO Spotlight Survey 2019-2020
    • Arizona CFO Spotlight Survey 2018
  • Contact Us
    • Tucson Office
    • Phoenix Office
  • Client Center

Articles in Assurance

Review our comprehensive Assurance archive which covers a variety of topics including accounting and audit issues.

related services
  • Assurance
  • Reviewed Financial Statements
  • Employee Benefit Plan Audits

Private business owners: Don’t wait until year-end to evaluate financial performance

June 13, 2022 June 10, 2022 Mikaela Knutson Assurance financial statements, GAAP, reporting

The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress.

Contingent liabilities: To report or not to report?

May 27, 2022 Lydia Hunter Assurance GAAP, liabilities

Is your company being transparent about contingent liabilities? In today’s uncertain conditions, reporting contingencies can be challenging. Here’s a refresher on the accounting rules for disclosing and estimating expected losses.

Forecasts vs. projections: What’s the big difference?

May 16, 2022 Kristin McCoy Assurance financial statements, forecasting, projections

Use your accountant for more than reporting historical results. Here’s how an accounting professional can help you prepare for the future.

Management letters: Follow up on your auditor’s recommendations

May 9, 2022 Jennifer Randle Assurance financial statements, GAAP

Take your audited financials to the next level by implementing the improvements contained in the management letter.

Do you know the signs of financial distress in a business?

May 3, 2022 May 2, 2022 Ana Carolina Fernandez Assurance accounting procedures, financial statements

Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.

Goodwill in a bad economy

April 18, 2022 Lydia Hunter Assurance FASB, GAAP, Goodwill

Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today.

FAQs about fair value in accounting

April 11, 2022 Travis Jones Assurance fair value, FASB, GAAP

Got questions about fair value under U.S. GAAP? Here are some answers to help take the guesswork out of reporting these estimates.

Deciding between cash and accrual accounting methods

April 4, 2022 Nicole Maneval Assurance accounting methods, GAAP, TCJA

Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them.

Timing counts: Reporting subsequent events

March 28, 2022 Nicole Maneval Assurance financial statement footnotes, financial statements, reporting

In today’s marketplace, conditions are ever-changing. By the time you issue year-end financial statements, you may be dealing with a major development that’s affecting your company’s performance. Which developments must be recognized or disclosed in your financials?

Eyes on related parties

March 21, 2022 Erna Dubravic Assurance audit procedures, internal controls, related parties

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.

Posts navigation

  • 1
  • 2
  • 3
  • 4
  • Next →
top

Subscribe to our Newsletter

Recent Posts

  • Checking in on your accounts payable processes June 17, 2022
  • The standard business mileage rate will increase for the second half of 2022 June 15, 2022
  • Private business owners: Don’t wait until year-end to evaluate financial performance June 13, 2022
  • Help when needed: Apply the research credit against payroll taxes June 7, 2022
  • Dodge the tumult with a buy-sell agreement June 2, 2022

Categories

  • Arizona Business (8)
  • Assurance (31)
  • Cannabis (9)
  • CFO Survey (2)
  • Construction (16)
  • COVID-19 (63)
  • Employee Benefit Plans (2)
  • Estates & Trusts (6)
  • Financial & Professional Services (12)
  • Fraud (2)
  • Healthcare (8)
  • Hospitality (8)
  • Industry Outlook (16)
  • Manufacturing (6)
  • News and Events (28)
  • Nonprofit (6)
  • Real Estate (10)
  • Revenue Recognition (1)
  • SOAR (15)
    • Financial Forensics & Valuation (5)
  • Tax Bites (245)
    • SALT (6)

Awards & Associations

2021 Best Firm for Equity Leadership - MOVE ProjectBest Firms for Young Accountants 2021 - Accounting TodayInside Public Accounting's 2021 Top 200 FirmsBest of Accounting 2019 - Clearly RatedInside Public Accounting's All Star FirmsLeading Edge Alliance
Phoenix Office

2201 E. Camelback Road, Suite 200

Phoenix, AZ 85016

1 (602) 265-7011

1 (602) 265-7060

Tucson Office

1985 E. River Road, Suite 201

Tucson, AZ 85718

1 (520) 321-4600

1 (520) 321-4040

  • Home
  • Disclaimers
  • Privacy Policy
  • Cookie Policy
  • Contact Us
  • Client Center
BeachFleischman PLLC BBB Business Review

Accountants | Auditors | Advisors | Consultants | CPAs :: BeachFleischman PLLC is one of the largest locally-owned public accounting and consulting firms in Southern Arizona and a Top 200 CPA firm in the United States. Serving clients in Phoenix, Tucson, Mesa, Scottsdale, Tempe, Gilbert, Glendale, Flagstaff, and Chandler, BeachFleischman provides accounting, audit, consulting, and tax services to businesses, organizations, and individuals (U.S. and foreign-based), doing business domestically and internationally. The BeachFleischman logo, BEACHFLEISCHMAN, and COLLABORATE FORWARD are all registered U.S. trademarks of BeachFleischman PLLC. ©2022 BeachFleischman PLLC. All rights reserved.