News & Insights

Digital Assets: Considerations for Existence, Rights, & Obligations, and Valuation

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The practice aid, Accounting for and Auditing of Digital Assets, will be updated soon to include two new auditing chapters covering key assertions for consideration when performing engagements involving digital […]

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Completing Peer Review Engagement Profiles 

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Completing engagement profiles for the engagements selected in your firm’s peer review is a critically important step which gives the reviewer an outline of key engagement details, such as non-attest […]

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Scrupulous Records and Legitimate Business Expenses are the Key to Less Painful IRS Audits

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If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim […]

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Business Owners, Your Financial Statements are Trying to Tell You Something

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Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such […]

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2024 School Update: Section 27K Taxability

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The Michigan Department of Education announced the opening of the Section 27K Student Loan Repayment Program.  According to the guidelines, educators who are currently enrolled in and making payments toward […]

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