Your Audit Committee Role Before you jump headfirst into the year-end financial reporting process. You should review the role independent audit committees play in providing investors and markets with high-quality,…
Audit of Your Employee Benefit Plan Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year. The IQPA…
Audit Procedures and Risk assessment: A critical part of the audit process Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the…
Auditing Financial Statements in a Cashless Environment Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments. And you may…
What’s Your Audit Opinion The type of opinion your auditor issues tells stakeholders whether you’re in compliance with accounting rules and likely to continue operating as a going concern. These…
By Camille Ho-A-Lim, CPA, CGMA Manager Ciuni & Panichi, Inc. The Treasurer of the State of Ohio (TOS) has implemented a new Ohio Pooled Collateral System (OPCS) that became effective…
What Business Leaders Really Need to Know about the New Revenue Recognition Standard Don’t Try to do This Without a Safety Net ASU 2014-09 Revenue from Contracts with Customers (Topic…
The Audit Committee Auditors and CFOs often present information about a company’s or not-for-profit’s operations, strategies, and risks to the Audit Committee or another oversight committee such as the finance…
How materiality is established in an audit or a review When accountants conduct an audit or review, they can’t test every transaction. Instead, they set a “materiality” threshold. This benchmark…