Earlier this year the AICPA Accounting Standards Board (ASB) issued a standard creating a new type of engagement, known as a Direct Examination Engagement.  The name of the standard creating this type of engagement is the Statement on Standards for Attestation Engagem

Virtually every CEO or business owner knows how to read their company’s income statement – Revenue, then Gross Profit, then Operating Profit, then Net Profit.

Many companies are still unaware of the importance of cybersecurity and the ways to tackle them. A technical fault or human error can be seriously harmful for business operations.

The COVID-19 pandemic has thrown many curveballs at the accounting industry, one of which is how to properly perform revenue recognition tests in accordance with the latest authoritative guidance while also adjusting testing for the pa

A corporate tax is imposed by the government on a business’s profit. The amount that is collected from corporate taxes is used as a source of income spent on the nation.

A single audit is an audit of a federal award that is expended by state and local governments and non-profit entities.  The audit is performed to ensure that the entity expending the funds is following all of the rules and regulations of the award.  A federal award p

Accounting professionals are bound to adhere to the rules of the organizations and professional standards of the accounting industry.

CPE is ongoing training for certified professionals to remain certified in certain fields.

Forensic accounting is a newer accounting specialty that has become more popular in the last several years but many professionals don’t have a strong understanding of what a forensic accountant does.  In this post, we wil