News & Insights
Fraud Risk Assessment: What Auditors Watch For
January 16th, 2025
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Audit |
Audit & Assurance |
Financial Statement & Audit Preparation
Auditing standards require auditors to identify and assess the risks of material misstatement due to fraud and to determine overall and specific responses to those risks. Here are some answers […]
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How Your Business Can Prepare for and Respond to an IRS Audit
October 24th, 2024
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Audit |
Tax
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets […]
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Understanding Your Obligations: Does Your Business Need to Report Employee Health Coverage?
October 9th, 2024
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Audit |
Employee Benefit Plan |
Tax
Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect is understanding the […]
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Audit Preparation: Ensuring Your Organization is Ready for the Process
July 8th, 2024
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Accounting & Outsourced Solutions |
Audit |
Financial Statement & Audit Preparation
By: Renee McNutt and Kylie Kalleward If your organization has never had to undergo an audit before, the process can be daunting and overwhelming. A typical reaction could also be […]
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Peer Review: Ethics Standard Updates
July 2nd, 2024
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Peer Review
Wondering what’s going on in ethics standard setting? Starting with the May meeting of the Professional Ethics Executive Committee, the AICPA will publish a webcast of the full meeting a […]