Matching Internal Controls to Real Life Change

Posted by & filed under .

Auditing Transition Adjustments Obtaining an understanding of a company’s selection and application of accounting principles is part of the auditor’s procedures to identify and evaluate risks of material misstatement under PCAOB standards. Additionally, the auditor is required to evaluate a change in accounting principle to determine whether the method of accounting for the effect of… Read more »

Matching Internal Controls to Real Life Change

Posted by & filed under .

Auditing Transition Adjustments Obtaining an understanding of a company’s selection and application of accounting principles is part of the auditor’s procedures to identify and evaluate risks of material misstatement under PCAOB standards. Additionally, the auditor is required to evaluate a change in accounting principle to determine whether the method of accounting for the effect of… Read more »

Matching Internal Controls to Real Life Change

Posted by & filed under .

Auditing Transition Adjustments Obtaining an understanding of a company’s selection and application of accounting principles is part of the auditor’s procedures to identify and evaluate risks of material misstatement under PCAOB standards. Additionally, the auditor is required to evaluate a change in accounting principle to determine whether the method of accounting for the effect of… Read more »

Matching Internal Controls to Real Life Change

Posted by & filed under .

Auditing Transition Adjustments Obtaining an understanding of a company’s selection and application of accounting principles is part of the auditor’s procedures to identify and evaluate risks of material misstatement under PCAOB standards. Additionally, the auditor is required to evaluate a change in accounting principle to determine whether the method of accounting for the effect of… Read more »

Matching Internal Controls to Real Life Change

Posted by & filed under .

Auditing Transition Adjustments Obtaining an understanding of a company’s selection and application of accounting principles is part of the auditor’s procedures to identify and evaluate risks of material misstatement under PCAOB standards. Additionally, the auditor is required to evaluate a change in accounting principle to determine whether the method of accounting for the effect of… Read more »

Matching Internal Controls to Real Life Change

Posted by & filed under .

Auditing Transition Adjustments Obtaining an understanding of a company’s selection and application of accounting principles is part of the auditor’s procedures to identify and evaluate risks of material misstatement under PCAOB standards. Additionally, the auditor is required to evaluate a change in accounting principle to determine whether the method of accounting for the effect of… Read more »

The New Lease Accounting Standard (ASC 842)

Posted by & filed under .

Background Leasing is widely use to address a variety of business needs, from short-term asset use to long-term asset financing.  Sometimes leasing is the only option available to obtain the use of a physical asset (such as office space).  Leasing transactions today represent over $1.4 trillion in off balance sheet financing.  Because of its magnitude,… Read more »

Revenue Recognition Follow Up Summary

Posted by & filed under .

In January 2018, the new revenue recognition standard (Update No. 2014-09; ASC 606) takes effect. The standard has broad implications and may affect many parts of your organization: financial statements, business processes, taxes, and internal controls over financial reporting. It requires the collaborative efforts of multiple departments within the company, including financial reporting, IT, sales,… Read more »

Enterprise Performance Management (EPM) through Business Planning and Analysis

Posted by & filed under .

Driving business performance in today’s complex and volatile environment presents unique challenges for senior management, in general, and for corporate finance in particular. Because it is a rapidly evolving environment, there’s also increasing demand for finance leaders to lead business strategy in real time, a shift towards performance insight and higher value placed on an… Read more »

Enterprise Performance Management (EPM) through Business Planning and Analysis

Posted by & filed under .

Driving business performance in today’s complex and volatile environment presents unique challenges for senior management, in general, and for corporate finance in particular. Because it is a rapidly evolving environment, there’s also increasing demand for finance leaders to lead business strategy in real time, a shift towards performance insight and higher value placed on an… Read more »