Accounting, Audit and Assurance

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...

Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial Accounting Standards Board (FASB), private companies and private not-for-profit entities must follow suit, starting ...

The COVID-19 pandemic is still adversely affecting many businesses and not-for-profit organizations, but the effects vary, depending on the nature of operations and geographic location. Has your organization factored the effects of the pandemic into ...

In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission (SEC), requiring special purpose acquisition companies (SPACs) to report warrants as liabilities. ...

For a construction company to be successful, it takes a dedicated financial leader to ensure the organization’s accounting house is in order. In doing so, contractors must come to terms with the fact they’ll need to hire a controller or a chief f...

It’s no surprise that accounting for forgivable loan proceeds under the Small Business Administration (SBA)’s Paycheck Protection Program (PPP) has caused much confusion for many borrowers. Ever-changing regulations and guidance on the program’...

Every business should prepare an annual budget, but it’s especially important in the capital-intensive manufacturing sector. Comprehensive, realistic budgets allow you to identify potential cash flow issues, production capacity constraints and othe...

Internal Revenue Service (IRS) audit rates are historically low according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In fi...