auditinsights FAQs about fair value in accounting In recent years, accounting rule makers have issued guidance that requires certain items on the…KSDT MarketingApril 11, 2022
audit Claiming a theft loss deduction if your business is the victim of embezzlement A business may be able to claim a federal income tax deduction for a theft…KSDT MarketingSeptember 9, 2021
audit Have you followed up on the management letter from your audit team? Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that…KSDT MarketingAugust 11, 2021
audit Auditing WIP Many types of businesses — such as homebuilders and manufacturers — turn raw materials into…KSDT MarketingJuly 13, 2021
Assuranceaudit Follow the cutoff rules for revenue and expenses Timing counts in financial reporting. Under the accrual method of accounting, the end of the…KSDT MarketingJune 28, 2021
Assuranceaudit Using your financial statements to evaluate capital budgeting decisions Strategic investments — such as expanding a plant, purchasing a major piece of equipment or…KSDT MarketingMay 24, 2021
audit Analytical procedures can help make your audit more efficient The use of audit analytics can help during the planning and review stages of the…KSDT MarketingMarch 3, 2021
audit Reporting restricted cash Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting…KSDT MarketingFebruary 22, 2021
audit Why face-to-face meetings with your auditor are important Interviews are a key part of your auditor’s evaluation of your fraud risks. But in-person…KSDT MarketingNovember 10, 2020
audit Preparing for the possibility of a remote audit The coming audit season might be much different than seasons of yore. As many…KSDT MarketingNovember 9, 2020