What is ASC 606: Revenue from Contracts with Customers?
In an effort to standardize how companies and industries recognize revenue, the FASB’s new 5-step framework...
A new standard has been released for not-for-profit entities on August 18, 2016 (ASU 2016-14, Not-for-Profit Entities (Topic 958). The changes are in reporting...
If your Company has a benefit plan that requires an annual audit, be aware that
the extended filing deadline is October 15th.
Annual audits for employee...
The PCAOB Board inspectors have identified three areas where audit deficiencies were most frequent in 2016. The areas with most common deficiencies were:
Assessing...
Many companies and organizations are required to have an audit performed each year. Most people view audits as a compliance function: auditors come in,...
