Blogs

at Illumeo

Illumeo Customer Success
(Blogs at Illumeo)

Corporate Accounting in 2020

Corporate Accounting in 2020To define its financial stature, every company has to perform some accounting tasks including collection, analysis, classification, verification, interpretation, and presentation of financial information.

ArLyne Diamond
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Remote Working Essentials

Remote Working EssentialsSince 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

Illumeo Customer Success
(Blogs at Illumeo)

Three COVID-19 Audit Risks for 2020

Three COVID-19 Audit Risks for 2020As 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

Illumeo Customer Success
(Blogs at Illumeo)

Digging into ERISA

Digging into ERISAMany 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.&

Illumeo Customer Success
(Blogs at Illumeo)

All About Agreed-Upon Procedures

All About Agreed-Upon ProceduresPreparing 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. 

Illumeo Customer Success
(Blogs at Illumeo)

The Effects of COVID-19 on Goodwill Impairment Testing

The Effects of COVID-19 on Goodwill Impairment TestingFor 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.

Illumeo Customer Success
(Blogs at Illumeo)

Lease Standard Changes Arising from COVID-19

Lease Standard Changes Arising from COVID-19The 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.  

Illumeo Customer Success
(Blogs at Illumeo)

Examining COVID-19 Fraud Risks through the Concept of the Fraud Triangle

Examining COVID-19 Fraud Risks through the Concept of the Fraud TriangleThe theory behind the fraud triangle is one of the most basic concepts an accounting student learns in his or her introductory auditing college coursework.