With constant reports of fraud in the news, companies are increasingly turning to independent auditors for additional assurance about their financial statements and internal control procedures, even though there is no external requirement for such assurance. Banks and investors are… Read More
If you’ve not yet completed your Security Risk Assessment, now is the time to do so, as CMS is currently conducting HIPAA Compliance audits as well as Meaningful Use audits. Below is some pertinent information about both.
HIPAA COMPLIANCE AUDITS… Read More
No matter what stage a startup is at, it is never too early to start thinking about GAAP revenue recognition compliance. Being GAAP-compliant means accounting on the full accrual method, in accordance with accounting rules generally accepted. Due to founders… Read More
Have you ever thought to yourself, “Why does accounting have to be so complex”? If you’re like many of us, you’ve often thought there has to be a simpler way to account for certain transactions. The Financial Accounting Standards Board… Read More
Private companies can now avoid the complexity of identifying and measuring certain intangible assets. New Accounting Standards Update (ASU) provides the alternative for private companies to elect not to recognize certain intangible assets separate from goodwill. It takes effect in… Read More