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What To Expect During A Franchise Audit
It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to deteriorate. They can […]
New Standard Applies To Private Companies In 2019 – And It’s Not Revenue Recognition
Article written by: Kristin Romaker, CPA Manager, Assurance & Business Advisory Services While we all have been distracted discussing the implementation of the new accounting standards for leases and revenue […]
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 […]