10 financial statement areas to watch for COVID-related effects The COVID-19 pandemic is still adversely affecting many businesses and not-for-profit organizations, but the effects vary, depending on the nature of…
Restating financial results SPACs In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission, requiring…
Internal controls questionnaires: How to see the complete picture Businesses rely on internal controls to help ensure the accuracy and integrity of their financial statements. As well as prevent fraud,…
How to strengthen your internal controls Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are…
What’s “fair value” in an accounting context? In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to fair value (FV). Examples of assets…
Restricted Cash Reporting Restricted cash on your company’s financial statements should be transparent. Are your reporting practices in compliance with the current accounting guidance? The basics Restricted cash is a…