Financial Reporting

Featured Articles

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September 23, 2015 

5 Steps to Help Small Businesses Obtain Financing

Helping your clients with a full range of services, including creating a business plan and guiding them on how to secure financing, can have a huge impact on their success, increase your integrity as a provider of services and lead to increased referrals.

Sabrina Parsons

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September 15, 2015 

Scams Show the Vital Importance of Strong Financial Controls

Also known as “CEO fraud,” this type of scam is surprisingly easy for criminals to pull off with just a little social engineering and a rudimentary knowledge of technology. But there’s good news – simple accounting controls can go a long way in ...

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September 8, 2015 

The 4 Keys to Financial Planning

Having a well-balanced, holistic financial plan is equally important, especially as individuals approach retirement, Cassidy says. Such a blueprint should cover guaranteed income planning, wealth management, tax minimization strategies, long-term ...

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September 1, 2015 

Wealth Manager Gives Long-Term Budget Advice to LGBT Couples

For LGBT couples, modern families and society in general, history is being made rapidly. Following the movement of a majority of U.S. states to approve marriage equality over the pat couple of years, the Supreme Court voted to make same-sex marriage a right nationwide. “The progress we’ve made as a community and as a society...…

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July 27, 2015 

AICPA Makes Major Revisions to Key Audit Guides

The 2015 edition of the AICPA Audit Guide, Government Auditing Standards and Single Audits, is an indispensable resource for auditors performing single audits of federal expenditures, as well as audits performed in accordance with Government Auditing ...

 IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments

July 22, 2015 

IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments

The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments.  However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…

Isaac M. O'Bannon