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Timing counts: Reporting subsequent events
Major events or transactions — such as a natural disaster, a cyberattack, a [...]
Deciding between cash and accrual accounting methods
Small businesses may start off using the cash-basis method of accounting. But many [...]
FAQs about fair value in accounting
In recent years, accounting rule makers have issued guidance that requires certain items [...]
Goodwill in a bad economy
In today’s volatile economy, many businesses and nonprofits have been required to write [...]
Going private
Recently, the news media has given a lot of attention to initial public [...]
Eyes on related parties
Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries [...]
Take your financial statements to the next level
Spring is the time of year that calendar-year-end businesses issue financial statements and [...]
4 levels of audit opinions
The first page of audited financial statements is the auditor’s report. This is [...]
Are you ready for the new disclosure requirements for government assistance?
Starting in fiscal year 2022, all entities — except nonprofit organizations in the [...]
New audit committee survey reveals trends on risks, ESG reporting and more
In late January, a survey entitled “Audit Committee Practices Report: Common Threads Across [...]