Topics: Financial Reporting
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Evaluating going concern issues
Financial statements are generally prepared under the assumption that the business will remain a “going concern.” That is, it’s expected to continue to generate…
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Is annual financial reporting enough?
Pease Bell February 10, 2017 Businesses generally issue year-end financial statements to let investors and lenders evaluate their financial health. But proactive stakeholders –…
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FASB approves one-step goodwill impairment test
In January, the Financial Accounting Standards Board (FASB) issued updated guidance to simplify goodwill impairment testing for public companies and private companies that haven’t…
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Ready, set, audit
If your business issues audited financial statements and follows a calendar year end, your external auditing procedures have already begun. At a minimum, you’ve…
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Major shift in lease accounting could cause major headaches
ALMOST EVERY COMPANY LEASES EQUIPMENT OR REAL ESTATE AND FOR DECADES, THEY WEREN’T REQUIRED TO REPORT MANY LEASE-RELATED ASSETS AND LIABILITIES ON THEIR BALANCE…
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PEASE, CPAS MERGES WITH PROPER & ASSOCIATES
Effective January 4, 2016, Proper & Associates (Proper), a Beachwood-based CPA and management consulting firm, has merged with Pease & Associates (Pease), one of…
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Audit Coming? How to Prepare
If your organization is facing an audit, it’s important to be well prepared before the auditors arrive. Dedicating the necessary time and resources to…
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Audit, Review & Compilation: How CPA reports differ?
Many companies provide their financial statements, along with a CPA’s report, to lenders, investors, suppliers and customers. Informed readers of the report will gain…