Blogs

at Illumeo

Illumeo Customer Success
(Blogs at Illumeo)

Accounting for Nonprofit Organization

Accounting for Nonprofit OrganizationA nonprofit organization is an organization dedicated to serving charitable, educational, religious or scientific purposes. The aim of such an organization is to fill society's needs and make our communities more livable places.

Illumeo Customer Success
(Blogs at Illumeo)

Types of Internal Audit

Types of Internal AuditInternal audit is a department within an organization that evaluates a company’s internal controls, its corporate governance, and accounting processes and provides impartial and independent review to the management.

Illumeo Customer Success
(Blogs at Illumeo)

Understanding Current Expected Credit Losses (CECL)

Understanding Current Expected Credit Losses (CECL)In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13 - Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrume

Illumeo Customer Success
(Blogs at Illumeo)

Business Intelligence

Business IntelligenceBusiness intelligence (BI) is the collection of strategies and tools used to analyze business information.

Illumeo Customer Success
(Blogs at Illumeo)

Business Fraud and Strategies for Preventing It

Business Fraud and Strategies for Preventing ItBusiness fraud, also known as corporate fraud, refers to the unlawful activities undertaken by an individual or company, performed in a dishonest and unethical manner.

Illumeo Customer Success
(Blogs at Illumeo)

Digital Asset Classifications

Digital Asset ClassificationsThe rise in the global use of digital assets presents new challenges for how to properly account for these types of assets in financial statements following GAAP.  Understanding what digital assets are and how to categorize the different types of assets is

Illumeo Customer Success
(Blogs at Illumeo)

Blockchain in Accounting

Blockchain in AccountingBlockchain, also known as distributed ledger technology (DLT), is a technology that enables the existence of cryptocurrency – the likes of Bitcoin.

Illumeo Customer Success
(Blogs at Illumeo)

Corporate Accounting in 2020

Corporate Accounting in 2020To define its financial stature, every company has to perform some accounting tasks including collection, analysis, classification, verification, interpretation, and presentation of financial information.

ArLyne Diamond
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Remote Working Essentials

Remote Working EssentialsSince so many people are still working from home, they don’t have the physical casual contact with each other that they used to have.  Familiarity with others is one of the ways trust is developed.  We know people – we like them – we have lea

Illumeo Customer Success
(Blogs at Illumeo)

Three COVID-19 Audit Risks for 2020

Three COVID-19 Audit Risks for 2020As we head towards the end of 2020, it is expected that most auditors will have to deal with auditing the books of companies greatly impacted by COVID-19.  Many of the situations will be new and unique to audit teams, although they are likely to