Insight Tag: Auditing

Business shareholders, private investors and creditors often want assurance that your company’s financial information is correct and appropriately stated. You can accomplish this by using a CPA firm to prepare your financial statements. Financial statements evaluate your business’s performance and show its ability to pay down debt. Most people think to have this done an … Continued

Any firm with a not-for-profit niche has likely lost audit clients because of audit rotation. This is primarily because of two closely related issues that impact the effectiveness and efficiency of not-for-profit audits. First, the definition of audit rotation is often misunderstood. Second, audit pricing has become commoditized. There is great value in keeping the … Continued

At the end of your audit, you received a Letter on Internal Controls from your auditor. What is this and what does it mean to your organization? One of the fallouts of Sarbanes-Oxley is the requirement of publicly traded companies to maintain adequate internal control systems. And, privately held companies must follow suit. The AICPA, … Continued

It’s that time of year again: Spring cleaning. With the weather turning to sunshine, you are probably ready to clear out the accumulated clutter and reclaim valuable space. Are you faced with the same stack of documents that you confronted last year? Are you unsure what to keep and what to discard? Do you wonder … Continued