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Related-Party Transactions Draw Attention From Auditors

September 28, 2021

Related-party transactions and financial connections are a normal part of operating a business...

Accounting Estimates Present Challenges in Times of Uncertainty

June 28, 2021

In today’s unprecedented market conditions, it can be challenging to predict metrics that..

How Auditors Assess Cyber Risks

May 4, 2021

Data security is a critical part of the audit risk assessment. If your financial statements are..

4 Ways to Improve the Effectiveness of Your Audit Committee

April 20, 2021

Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19..

Assessing and Mitigating Key Person Risks

January 20, 2021

Auditing standards require a year-end risk assessment. One potential source of risk may be a..

Is Your Company Ready for a Remote Audit?

December 17, 2020

The coming audit season might be much different than prior years. As many companies continue to..

HOW COULD COVID-19 AFFECT YEAR-END INVENTORY COUNTS?

December 15, 2020

Many businesses are closed or are limiting third-party access as COVID-19 surges across the..

Why is It Important to Meet Face-to-Face with Your Auditor?

October 13, 2020

Remote audit procedures can help streamline the audit process and protect the parties from..

ARE COVID-19-RELATED LOAN MODIFICATIONS SUBJECT TO TDRs?

September 24, 2020

Today, many banks are working with struggling borrowers on loan modifications. Recent guidance..

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