Audit

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

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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

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The 5 Step Approach To Revenue Recognition

Posted June 13, 2018

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

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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

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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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A Guide To Valuing Inventory And Inventory Accounting

Posted January 14, 2016

Proper accounting for inventory is important for manufacturers, distributors and resellers. Costs associated with inventory generally represent the largest annual … Read More

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