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BUSINESS OWNERS: IS GAAP OR TAX-BASIS BEST FOR YOU?

November 11, 2019

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles..

Are Your Internal Controls Effective Against Cyberthreats?

May 20, 2019

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a..

5 Steps to Automate Your Accounting Department

May 9, 2019

Many businesses have adopted robotic process automation (RPA), or plan to do so in the future...

Audit Opinions: How Do Your Financial Statements Measure Up?

February 13, 2019

Audit opinions differ depending on the information available, financial viability, errors..

3 Components of Assessing Audit Risk

January 4, 2019

Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork...

Is LIFO Right for Your Business?

December 31, 2018

You have choices when it comes to reporting inventory costs. One popular technique — the last-in,..

How to Get Control Over Your Overhead Allocations

December 11, 2018

Accurate overhead allocations are essential to understanding financial performance and making..

Percentage of Completion Accounting: TCJA Provides Exception for Some Companies

December 6, 2018

How do you report revenue and expenses from long-term contracts? Some companies that were required..

Implementing the New Revenue Recognition Rules

November 28, 2018

For many companies, revenue is one of the largest financial statement accounts. It’s also highly..

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