Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an ...

Many corporate executives continually question and analyze their business practices to achieve their goals more effectively ...

Sustainability The establishment of sustainability accounting standards reflects growing stakeholder demand for corporate accountability. In 2011, the Sustainability Accounting Standards Board (SASB) ...

Liquidity Pool Transactions The concept of a liquidity pool is central to DeFi. As the name suggests, a liquidity pool is a mechanism by which a DeFi protocol funds its operations, such as loans made ...

Ongoing Planning, Documenting, and Preparing for Your Audit Audits tend to run smoother when NFP organizations put effort into preparing for them. This includes developing an audit plan throughout the ...

The five gateways of inventory movement (illustrated in Exhibit 1) are as follows: 1) raw materials (RM) and purchase parts receipt, 2) internal failure (scrap) reporting, 3) production reporting, 4) ...

The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out (LIFO). In times of rising prices, FIFO typically results ...

Changes to Subpart A, Acronyms and Definitions The 2024 revisions to Subpart A of the Uniform Guidance bring important changes that will impact both recipients of federal funds and their auditors.

The CTA is intended to fortify the financial system’s integrity by enforcing transparency. More than just regulatory compliance, the CTA is a crucial step toward dismantling opaque financial ...

Certain accounting standards are specific to donations, contributions, and grants from governments and foundations and are uniquely applicable to not-for-profit organizations. Nonprofits do not exist ...