Accounting, Audit and Assurance

If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done it that way.” But with all the changes that have taken place in the financial and accounting realm, doing things the way you’ve al...

What do Tesla cars, smart TVs and equipment used for making french fries have in common? The answer is embedded software, according to recent comments by Financial Accounting Standards Board (FASB) Vice Chair James Kroeker. He also told the Private C...

Auditing standards require financial statement auditors to identify and assess the risks of material misstatement due to fraud — and to determine overall and specific responses to those risks. Here’s why face-to-face meetings are essential when a...

A financial expert’s analysis is only as reliable as the data it’s based on — and all financial statements aren’t created equal. The term “assurance” refers to how confident (or assured) you are that a company’s financial reports are re...

Your accounting software is an investment that protects and maintains the financial health of your business. Finding the right solution is critical, but how do you know where to start with so many options to consider? Before researching accounting so...

Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index (CPI) co...

In today’s volatile economy, many businesses and non-profits have been required to write down the value of acquired goodwill on their balance sheets. Others are expected to follow suit — or report additional write-offs — in 2022. To the extent ...

Less than 7% of financial functions are dedicated to organizational strategy, as most finance teams prioritize manual processes. 7% is a very small percentage of the financial process! Fortunately, artificial intelligence (AI) in accounting systems c...