Why Footnote Disclosures Are Important
Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other financial statement users make well-informed business decisions. Here are five critical risk factors that financial Read More
Feb 26, 2024
Understanding the CPA’s Role in Detecting Fraud
A role of CPA's is to act as "gatekeepers," emphasizing their responsibilities for identifying fraud risks and detecting material misstatements in the financial statements. These responsibilities are currently at the forefront due to changes to Read More
Sep 25, 2023
Using Analytics to Improve Efficiency for Audits
Analytical procedures are required for all financial statement audit engagements, according to the auditing standards published by the American Institute of Certified Public Accountants (AICPA). Audit analytics can help minimize the time and cost associated Read More
Aug 25, 2023
How Construction Business Owners Can Prepare for an IRS Audit
The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker misclassification. What's more, as the tax agency rolls into the future under new leadership, Read More
May 10, 2023
How External Auditors Can Leverage Your Internal Audit Work
If your organization has an internal audit function, you may be able to use your internal audit team to streamline financial reporting by external auditors. External auditors aren't required to use internal auditors in any Read More
Apr 26, 2023
Fraud Alert: Scammers are requesting account changes
The banking industry is reporting a significant increase in account fraud. A high number of instances are being reported where scammers reach out to businesses via email posing as a client or vendors informing them Read More
Mar 17, 2023
Is Your Business Ready for Next Level Accounting Services?
In our latest guide, Next Level Accounting Services, you’ll learn the benefits of accounting services that do far more than prepare your taxes and balance the books – and how to recognize when you need Read More
Dec 27, 2022
Do Your ESG Initiatives Open the Door to Fraud?
Within a relatively short period, corporate environmental, social, and governance (ESG) initiatives evolved from a disjointed and confusing set of goals to a more unified business imperative. This is largely because investors, employees, customers and Read More
Aug 04, 2022
BWC Audits: Should I Be Worried?
Each year the Ohio Bureau of Workers Compensation (BWC) randomly selects employers to audit to verify that employers are properly classified according to their business operations and to make sure payrolls are accurately reported with Read More
Jul 19, 2022
What Level of Audit & Assurance Services Are Right for Your Business?
Putting your business financials and processes under the microscope can be an intensive process. At the same time, the benefits of your financials undergoing such scrutiny are hard to overestimate. The revelation of even a Read More
Jul 11, 2022