Audit News - Beene Garter, A Doeren Mayhew Firm

Business Professionals determining the impacts of inflation.

7 Ways Inflation Could Affect Your Financial Statements

Posted June 16, 2022

Business owners and investors are understandably concerned about skyrocketing inflation. Here are notable increases that occurred in 2022. The consumer … Read More

Audit team planning attest services in office

We Explain Attest & Nonattest Services. Which One Is Right For Your Business?

Posted May 17, 2022

When hiring a public accounting firm to provide audit services, do you understand all the service options and how they … Read More

The 5 Step Approach To Revenue Recognition

Posted October 6, 2021

The Financial Accounting Standards Board (FASB) issued Revenue from Contracts with Customers (Topic 606) to clarify and apply revenue recognition … Read More

A group of employees discuss the different types of audits that best fit their business needs

11 Different Types of Audits That Can Help Your Business

Posted October 1, 2021

What are the different types of audits? Internal audits External audits Financial statement audits Performance audits Operational audits Employee benefit … Read More

Business leaders creating a financial forecast

Financial Forecasting Is Good For Business. Create A Forecast In 3 Steps.

Posted August 11, 2021

What’s financial forecasting? Financial forecasting is the practice of planning for various financial outcomes of your business. You can use forecasting for overall business health or … Read More

Business owner working on a strong internal controls plan

4 Areas Of Your Small Business That Need Strong Internal Controls

Posted April 22, 2020

Establishing strong internal controls within your organization is key to protecting it from embezzlement, asset misappropriation, and other types of … Read More

Two coworkers discussing Topic 606 - new revenue recognition standard

The New Revenue Recognition Standard Is Here. Are You Ready For Topic 606?

Posted September 18, 2019

Is your business a private company? Or a nonprofit? Does your fiscal year start on or after Oct. 1? If … Read More

Image of two business professionals having a conversation in office setting

How To Audit-Proof Your Shareholder Loan

Posted August 1, 2018

If you're a business owner and your company lends you money, you'll enter it in the books as a shareholder … Read More

Image of business woman reviewing charts and reports in office

How To Prepare For The New Revenue Recognition Standard

Posted May 23, 2018

Revenue is one of the most important factors used to assess an entity's financial performance and position. But, previous revenue … Read More

Image of business shareholders meeting in conference room and discussing the new partnership audit rules

New IRS Partnership Audit Rules

Posted October 25, 2017

In June 2017, the IRS reissued regulations that will change how it conducts audits of partnerships. Under the new rules, … Read More

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