How Auditors Are Staying Focused in the Wake of COVID
Just because state and local governments have shut down your business doesn’t mean that you can take a break on assurance. Auditors have stepped up their skills and have worked hard to improve the audit process, and a recent initiative by the Center for Audit Quality...
Accounting Technology Concepts Extending Far beyond the Cloud
You hear a lot of talk about digital transformation, cloud computing, and the like. Well known and relatively well understood, these are well-researched and discussed ad nauseum by technology companies and analysts. But what’s next? It’s a question on a variety of...
New FAQs Released to Clarify PPP Forgiveness
As we’ve discussed previously, while the Paycheck Protection Program has given many businesses a lifeline to keep running in the wake of government lockdowns, the upcoming period in which businesses apply for forgiveness may create challenges or blind spots for...
New ESG Guidelines to Consolidate Standards and Reduce Confusion
FASB, SEC, FTC, and… SASB? For controllers, this new set of standards may not feel familiar, but those looking at the future may need to look to these new standards for advice. Today, we look at a few things you should know about the Sustainability Accounting...
Keeping Your Team Motivated and Avoiding Burnout
Something that we had explored in our webinar on the return to normal and discussed in our blog titled Three Ways Controllers Have Kept Things Running Smoothly during the Pandemic, the mental health of your employees matters now more than ever. “One of the most common...
How Will the Payroll Tax Deferral Affect You?
If you hadn’t seen the news announced earlier this month, President Trump signed an Executive Order on August 8 to break the stalemate in Congress. Though offering a much broader continuation of benefits released under the CARES Act, one of the key provisions was one...
IRS Announces Dirty Dozen: What Tax Scams Should You Look For?
Life death and taxes—or so the saying goes. But for many taxpayers, there’s another constant: Tax Scams. Whenever there is money to be made, some unscrupulous individual is going to attempt to grab a piece of the pie, and are willing to target both individuals and...
Internal Controls: Who’s Committing Fraud and What Should You Look For?
Fraud can happen anywhere. But when it does, it can derail your organization. As discussed in our last article on the common ways that companies are defrauded, we noted that employees are among the most prevalent fraudsters. Whether that’s coming in the form of check...
Internal Controls: Most Common Ways Companies are Defrauded
Though fraud can occur in a variety of ways, the most common reason for corporate fraud is a lack of or weakness of internal controls. As discussed in a recent Accounting Web article on the most important internal controls that companies should monitor, this is a...
Today’s Losses Mean Tomorrow’s Tax Breaks
With the lockdowns continuing, many businesses struggling to stay in the black may be looking for some kind of good news. Maybe that good news is seeing the lockdowns lifted, maybe it’s finding a way to adapt to the “new normal,” or maybe it’s a legislative change...
A Deeper Look at CPA Evolution
The accounting world has continued to change in new and exciting ways. From a greater understanding of technology to an increasingly broadening skillset among new accountants, the present and future of the field will only see more fast-paced changes and updates....
Bracing for an IPO: How Controllers Can Plan for New Responsibilities
What goes into the IPO process? A whole lot of work, for starters. For the 18-24 months leading up to the IPO, it’s going to be a lot of long nights and long emails between staff members as you get everything in order with auditors, regulators, and banks. However,...
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