As calendar-year entities start work on their year-end financials, it’s important to remember that financial reporting is about more than compliance. Fina...
How To Factor Tax Law Changes into Your Year-End Financial Statements
Sep 26, 2025In July 2025, significant changes to the federal income tax rules were signed into law. While these developments primarily grab attention from a tax compliance ...
Audits Are Essential to Your Organization’s Health
Jul 14, 2025Audits have become more important due to increased public and government scrutiny of not-for-profit organizations, their management and their boards. Audits not...
How Financial Statements Are Used to Value a Business
Sep 12, 2024Financial statements are an important piece of the business valuation puzzle. Appraisal professionals typically consider three approaches when valuing a busines...
Worried About an Audit? 7 Form 990 Points to Consider
Sep 10, 2024The IRS can initiate an audit of your nonprofit organization for any number of reasons. But one of the most common is a red flag sent up by your annual filing o...
Levels of Assurance: What’s Right for Your Business?
Jul 29, 2024Does your company use an external accountant to prepare its financial statements? There are several services CPAs offer that provide different levels of assuran...
Why Footnote Disclosures Are Important
Feb 26, 2024Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other...
Understanding the CPA’s Role in Detecting Fraud
Sep 25, 2023A role of CPA’s is to act as “gatekeepers,” emphasizing their responsibilities for identifying fraud risks and detecting material misstatement...
Using Analytics to Improve Efficiency for Audits
Aug 25, 2023Analytical procedures are required for all financial statement audit engagements, according to the auditing standards published by the American Institute of Cer...
How Construction Business Owners Can Prepare for an IRS Audit
May 10, 2023The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker...