The Small Business Administration announced there will be a safe harbor for all Paycheck Protection Program (PPP) loans under the amount of $2 millionRead More
Archive for the ‘Audit’ Category
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Employee Benefit Plans: Do You Need a Form 5500 Audit?
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year. The IQPA examines the plan’s financial…Read More
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Auditing Grant Compliance
Got grants? Juggling multiple levels of grant compliance can be time consuming and frustrating. Here’s how our audit team can help streamline the process.Read More
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The Chances of an IRS Audit Are Low, but Business Owners Should Be Prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal…Read More
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Corporate Governance in the 21st Century
What’s the purpose of a corporation? For the last 50 years, the answer was “to maximize shareholder value.” But, on August 19, CEOs of 181 leading U.S….Read More
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What to Expect During a Franchise Audit
It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to…Read More
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Why Do Companies Restate Financial Results?
Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies that amended their annual reports increased by…Read More
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The Untouchables: Getting a Handle on Intangibles
The average company’s balance sheet understates its value by 80%, according to Sarah Tomolonius, co-founder of the Sustainability Investment Leadership Council. Why? Intangible assets aren’t recorded on…Read More
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Businesses Can Utilize the Same Information IRS Auditors Use to Examine Tax Returns
The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what…Read More
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Comparing Internal and External Audits
Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they measure up. Focus Internal auditors go beyond…Read More