Close-up on sources of substantive audit evidence
What types of information and procedures do auditors use to verify account balances and transactions? Anticipating document requests and inquiries can help make your next audit more efficient.
What types of information and procedures do auditors use to verify account balances and transactions? Anticipating document requests and inquiries can help make your next audit more efficient.
In Bittner v. U.S., the U.S. Supreme Court ruled that the penalty for non-willingly failing to file an FBAR applied on a lower per-report basis, not on a per-account basis.
Construction companies can’t afford to make mistakes on job sites, and they shouldn’t make them in their books either. Here are 11 tips for avoiding accounting errors.
Many businesses today are short-staffed, making overtime a distinct possibility. A recent U.S. Supreme Court decision serves as a reminder that the overtime rules aren’t always easy to follow.
Is your nonprofit a publicly supported charity? Are you sure? Two IRS public support tests can help you determine, and prove, your status. Learn more about them:
There are several reasons why your nonprofit’s Accounting and Development staffers may be at odds. You need to get to the bottom of the conflict to prevent onerous repercussions.
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legislation in 2023?
Is your business ready to implement these upcoming accounting rule changes?
Today’s economy has left many business owners wavering between optimism and worry. Here are some ways to maintain a steady course toward profitability.
Sky-high costs for labor and materials are still putting a chill on many construction companies’ profitability. Contractors, click here for eight ways you can protect yourself.
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!
Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists.