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Time To Celebrate! FASB Expands VIE Exception For Private Companies
The Financial Accounting Standards Board (FASB) recently gave private companies long-awaited relief from one of the most complicated aspects of financial reporting — consolidation of variable interest entities (VIEs). Here […]
Auditing Royalty Agreements
Companies often grant licenses to others allowing them to use intellectual property — such as a patent or proprietary computer code — in exchange for royalties. Licensors can hire an […]
5 Steps To A Smoother Audit
Article written by: Zach Berardi, CPA Assurance Senior When preparing to be audited, there are multiple workpapers, reports, documents and reconciliations to be organized. Whether arranging for your first audit, […]
Transitioning To Remote Audits
Are you comfortable communicating electronically with your auditors? If so, a logical next step might be to transition from on-site audit procedures to a more “remote” approach. Remote audits can […]
Get Ready For The New Lease Standard
A new accounting rule for reporting leases goes into effect in 2019 for public companies. Although private companies have been granted a one-year reprieve, no business should wait until the […]
GAAP vs. Tax-Basis Reporting: Choosing The Right Model For Your Business
Tired of keeping two sets of books for tax and accounting purposes? Some businesses use tax-basis financial reporting to save resources. But it’s not for everyone. Learn the key differences.