Reasons why cash is king
In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3)…
Internal audit 2.0: Paperless and continuous auditing trends
Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to…
Management letters: Have you implemented any changes?
Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free…
Third Quarter Industry Newsletters
Quarterly collection of current topics, news alerts and industry updates. Auto Dealerships Newsletter – September 26, 2019 Business Valuation…
Year-End Strategies to Reduce AGI
Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten ways to reduce your AGI…
Corporate governance in the 21st century
What’s the purpose of a corporation? For the last 50 years, the answer was “to maximize shareholder value.” But, on…
The untouchables: Getting a handle on intangibles
The average company’s balance sheet understates its value by 80%, according to Sarah Tomolonius, co-founder of the Sustainability Investment Leadership…
FAQs about CAMs
In July, the Public Company Accounting Oversight Board (PCAOB) published two guides to help clarify a new rule that requires…
Reporting Discontinued Operations
Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset…
Why do companies restate financial results?
Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies…