auditinsightstaxes Understanding Lease Standard ASC 842 Stay compliant with The Standard ASC 842 Increase transparency and comparability in financial reporting Requires…ediazMay 22, 2023
auditinsightstaxes Understanding IRS Audit Guidance IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes…ediazFebruary 16, 2023
auditinsights New accounting rules for supplier finance programs Does your company use supplier finance programs to buy goods or services? If so, and…KSDT MarketingNovember 1, 2022
auditinsights FASB proposes last-minute changes to lease accounting rules Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their…KSDT MarketingOctober 2, 2022
auditinsights Evaluating “going concern” concerns Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the…KSDT MarketingAugust 3, 2022
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