Oversight

DECEMBER 22, 2021

It comes in many different forms, including financial statements, the misappropriation of assets (theft) and cover-ups. Financial Fraud Statistics Organizations lose an average of 7% of gross revenue to fraud each year? While using internal controls and manual auditing is helpful, this is not a complete solution.

Financial Reporting 52

Financial Reporting Financial Statements Billing Auditing 52

Future Firm

JUNE 8, 2023

In this screenshot from Future Firm Accelerate, a member seeks recommendations for improving skills in interpreting financial statements and communicating with clients in a non-accounting language. Since its inception in 2009, it has steadily gained recognition as a premier digital space for finance professionals.

Accounting 52

Accounting Accounting CPA Tax 52

IMA's Count Me

SEPTEMBER 4, 2022

As opposed to, you know, maybe someone working in corporate or even in audit connecting those dots. So we've gotta be able to connect what we know as financial professionals with a group of individuals that this is not their specialty. It wasn't as popular and that would've been like 2009. It, it was becoming more popular.

Accounting 40

Accounting Accounting Payroll Auditing 40

Cloud Accounting Podcast

MARCH 30, 2020

Under 30-minute set-up template - you've got a three-way financial statement forecast for the next 12 months. The last time the IRS sent stimulus checks, in 2008 and 2009, it took more than two months to get the money in the mail. If you're getting audited, like, "Hey, we're gonna stop right now and not do anything."

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

SEPTEMBER 15, 2020

There was a story in the Wall Street Journal about how auditors are struggling to work remotely, which doesn't surprise me given the reliance on paper for a lot of auditing and in-person interviews. [00:07:46] There's some good news; the AICPA issued a new audit evidence standard that allows for non-human evidence collection.

Tax 40

Tax Payroll Financial Statements Bookkeeping 40