Cash is King- Fraud Schemes and Traps

Oct 7, 2019 | Audit

Cash is the most popular target of fraudsters. But, that doesn’t mean forensic experts can’t discover cash fraud schemes and the perpetrators behind them. Identifying cash traps How do thieves get their hands on your cash? According to the Association of Certified...

The Five Key IRS Rules of Taxation for Lawsuit Settlements

Sep 17, 2019 | Tax

Coming out on the winning side of a lawsuit as a plaintiff can be a gratifying feeling, especially if there is a financial settlement involved. There is likely a sense of both relief and vindication. Unfortunately, far too often people are in for a shock when they...

FASB Issues Proposal to Delay New Standards

Aug 26, 2019 | Nonprofit

On August 15, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, non-for-profit organizations, and certain small public companies extra time to implement the following new...

Understanding and Applying Accounting Reports and Ratios

Aug 22, 2019 | Tax

When it comes to tracking incoming sales and outgoing expenses, there are many ways businesses can keep up with their invoices and implement strategies to reduce the time they spend on unpaid sales.   Accounts Receivable Turnover Ratio Simply defined, the...