Man speaking through megaphone

Our Blog

External audits offer many benefits to nonprofits

24 August 2020
External audits offer many benefits to nonprofits

Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended. These audits can provide assurance to donors and other stakeholders that your organization is operating with integrity and within acceptable accounting guidelines.


Reporting embedded leases

21 August 2020
Reporting embedded leases

Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases. Identifying them can create challenges as private companies and not-for-profits implement the updated accounting rules for leases.


Accounting for cloud computing arrangements

05 August 2020
Accounting for cloud computing arrangements

The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs. Updated guidance on accounting for cloud computing costs aims to reduce differences in the accounting treatment for these arrangements. In a nutshell, the changes will spread more of the costs of implementing a cloud computing contract over the contract’s life than under existing guidance.


Asset impairment is expected to hit 2020 financial statements

02 August 2020
Asset impairment is expected to hit 2020 financial statements

Many companies are suffering adverse financial effects during the COVID-19 crisis. Should you test your organization’s assets for possible impairment?


Overcoming the challenges of remote auditing during the COVID-19 crisis

28 July 2020
Overcoming the challenges of remote auditing during the COVID-19 crisis

Ready or not Remote working arrangements have suddenly become the “new normal” in these trying times.