Topics: Financial Reporting
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How External Auditors Can Leverage Internal Audit Work
External auditors can leverage internal audit work to reduce fieldwork disruptions and improve audit efficiency under SAS 128. Here is how the collaboration works.
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Income Statement Analysis: Put Your Financial Data to Work
Income statement analysis reveals profitability trends and cost issues. Learn the key ratios to put your financial data to work.
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Timely Financial Reporting
Timely financial reporting builds stakeholder trust, prevents fraud, and strengthens lender relationships. Learn what late financial statements signal and how to stay on track.
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Pro Forma Financial Statements and Compilations Explained
Pro forma financial statements show how a transaction would have changed your financials. Learn what SSARS 22 requires.
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Restricted Cash: How to Report It Under GAAP
Restricted cash is money reserved for a specific purpose. Learn how GAAP requires it to be reported on cash flow statements and balance sheets.
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Fair Value Accounting for Financial Reporting
Fair value accounting requires measuring assets and liabilities at their exit price under ASC 820. Learn the fair value hierarchy, methods, and when it…
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Cooking the Books: What Financial Statement Fraud Costs
Cooking the books is the costliest form of occupational fraud, with a median loss of $766,000. Learn common schemes, warning signs, and how to…
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Internal Controls: Build a Strong Checks and Balances System
Internal controls protect your business from fraud and errors. Learn how to build an effective system of checks and balances for any company.
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Agreed Upon Procedures: How They Work and When to Use Them
Agreed upon procedures let CPAs investigate specific financial concerns without a full audit. Learn how AUP engagements work and when to use them.
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Going Concern: How to Evaluate and Address Red Flags
A going concern assessment determines if a business can meet its obligations over 12 months. Learn the red flags and reporting impacts.