Corporate Accounting in 2020
To define its financial stature, every company has to perform some accounting tasks including collection, analysis, classification, verification, interpretation, and presentation of financial information.
Remote Working Essentials
Since so many people are still working from home, they don’t have the physical casual contact with each other that they used to have. Familiarity with others is one of the ways trust is developed. We know people – we like them – we have lea
Three COVID-19 Audit Risks for 2020
As we head towards the end of 2020, it is expected that most auditors will have to deal with auditing the books of companies greatly impacted by COVID-19. Many of the situations will be new and unique to audit teams, although they are likely to
Digging into ERISA
Many people do not realize that Certified Public Accountants provide the service of auditing the financial statements of employee benefit plans. Before digging into this niche audit area, it is imperative to understand the governing law that establishes the need for the audit.&
All About Agreed-Upon Procedures
Preparing taxes and performing audits are the most popular types of services offered by a CPA firm. However, CPA firms actually provide a myriad of services, one of which is the agreed-upon procedure engagement.
The Effects of COVID-19 on Goodwill Impairment Testing
For many companies there is a strong chance that one of the effects of the COVID-19 virus will be considering it as a triggering event requiring the performance of goodwill impairment testing.
Lease Standard Changes Arising from COVID-19
The Financial Accounting Standards Board’s (FASB) newest lease accounting standard, Accounting Standards Codification (ASC) 842, is facing implementation delays and challenges due to the COVID-19 crisis.
WHD Opines on Regular Rate of Pay Issues
The U.S.
WHD Issues Final Rule on Bonuses for Fluctuating Workweek Employees
On May 20, 2020, the U.S.
Examining COVID-19 Fraud Risks through the Concept of the Fraud Triangle
The theory behind the fraud triangle is one of the most basic concepts an accounting student learns in his or her introductory auditing college coursework.