by controllers | Jan 25, 2021 | Audit, Technology
With auditors increasingly worried about reputation damage from taking on a high-risk client, some companies are facing a no-win situation in their future. This according to the Financial Times creates a circular problem—high-risk companies are having trouble finding...
by controllers | Jan 15, 2021 | Audit
The last year has likely put a strain on your business. Financially, strategically, and more, controllers across the US have looked for ways to cut down on costs to keep the business afloat. One way that companies may look to save a few dollars is by opting for a...
by controllers | Aug 26, 2020 | Audit
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...
by controllers | Jul 31, 2020 | Audit, Legislation
Hailed as one of the biggest changes to accounting in decades (or at least since ASC 606), The Lease Accounting Standard, also known as ASC 842 was a marked change in the way that leases are reported. According to a recent report from LeaseQuery and Encoursa, the move...
by controllers | Jul 13, 2020 | Audit
As we discussed in an earlier article, technology has become a core portion of the audit, and the AICPA had been considering standards to reflect the evolution. New technologies have popped up over the past decade that have made audits easier in some regards, more...
by controllers | Jul 2, 2020 | Audit, Professional Growth
Audits are important. They help you understand that everything is going smoothly, keep you in check, and ensure that the company isn’t going to end up in trouble if a government agency ends up auditing you. Understandably, as a current or aspiring controller, you...
