Audit News - Beene Garter, A Doeren Mayhew Firm

Why Some Small Businesses Are Switching to Tax-Basis Reporting

Posted August 17, 2023

Accrual-basis financial statements are considered by many to be the gold standard in financial reporting. But with the increasing cost … Read More

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