Client Prepared Documents and the Auditor's Responsibility
Auditors have varying responsibilities when it comes to client-prepared reports. The auditor’s role in auditing the financial statements is clear but there are other reports that may require t
The Importance of a Strong Audit Committee
With the current economic climate, it is imperative for companies to have a strong audit committee to provide oversight of the financial reporting and audit processes and to monitor a company’s internal controls and compliance wit
The Basics of Lease Accounting - ASC 842
The implementation of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 842 is one of the most significant changes in accounting in recent history. This codification replaces Generally Accepted Accounting Principle
Are You Required to Provide Sexual Harassment Training?
Are you aware that the laws regarding training to prevent sexual harassment, discrimination, bullying and abuse have changed radically – especially in California?
How the Role of CFO is Changing
The Chief Financial Officer (CFO) role has always been one of great importance but the role has actually increased in importance in the past decade, due in large part to the role of digital technology in most companies. No longer is the CFO role a stri
Update Guidance for Accounting for Cloud Computing Arrangements
In August 2018 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2018-15 (ASU 2018-15). Included in this update is subtopic 350-40
Review Tips for the End of 2019
As we reach the end of 2019, companies may want to check out some of the following steps to maximize their tax strategies in regards to deduction and revenue organizing for the year. These steps differ upon the company’s intention - reducing taxa
Wage and Hour Laws—They are Here, There and Everywhere Part 4
I discussed the complexities of compliance with wage and hour laws in a previous post. Which apply…fe
Wage and Hour Laws—They are Here, There and Everywhere Part 3
I discussed the complexities of compliance with wage and hour laws in a previous post. Which apply…