INFOFLASH BLOG
Audit
- A Day in the Life: A Perspective from a Virtual Intern (7/31/2020) For many students, myself included, internships in their field of study are essential to successful outcomes after graduation. This summer,…
- One More Year Delay for Revenue Recognition and Lease Standards (6/12/2020) Due to the impact of Coronavirus Disease 2019 (COVID-19), the Financial Accounting Standards Board (FASB) has granted a one-year effective…
- COVID-19: Next Steps for Internal Audit (5/19/2020) Internal audit is in a unique position to assist organizations navigate these unchartered times. Organizations are in a state of flux as they…
- Key Technology Trends in Accounting to Watch Out For in 2020 (1/31/2020) Technology advances continue to reshape industries and businesses – and the accounting industry is no exception. So far, a lot…
- Cash is King- Fraud Schemes and Traps (10/7/2019) Cash is the most popular target of fraudsters. But, that doesn’t mean forensic experts can’t discover cash fraud schemes and…
- Financial Oversight for Nonprofit Board Members : Trouble Spots That Raise A Red Flag (10/4/2019) When not-for-profits lose funding sources, default on loans or leave employees unpaid, board members can clearly see that they’re in financial crisis. Often, a board can avoid such disasters by…
- Change is Finally Here! Newly Published EBP SAS (8/5/2019) Following a shocking 39 percent audit deficiency rate in an audit quality study conducted by the Department of Labor (DOL)…
- On Your Mark, Get Set, Go! (6/20/2019) Preparing to implement the new Lease Accounting Standard - ASU 2016-02, Leases (Topic 842) The FASB’s lease accounting standard change, ASU…
- How to Create Cash Flow Projections and Profit & Loss Statements (6/4/2019) When it comes to making cash flow projections, we’re all aware that it’s not an exact science. One of the…
- Fraud and Internal Audit – Assurance Over Fraud Controls, Fundamental to Success (4/8/2019) Every year billions of dollars are lost to fraud and corruption resulting in inefficiencies, aborted projects, financial challenges, and in…