by Henry+Horne | Jan 18, 2022 | Articles, Auditing
Summary provided by MaterialAccounting.com: What do you need to perform a successful audit? This article explains the significant risks of an audit and how to identify potential pitfalls. In order to perform an effective audit that results in a set of fairly...
by Henry+Horne | Dec 21, 2021 | Articles, Compensation, Expense Accounting
Many companies provide paid time off to employees, however not all employees use the entirety of their time off within the company’s fiscal year and roll over time to be taken in the following year. When this happens, it is the responsibility of the employer to track...
by Henry+Horne | Dec 7, 2021 | Articles, Expense Accounting, Income Taxes
<!–What is an income tax provision?–> Buckle your seatbelts because we’re about to go on an income tax provision ride. In this blog, we will be primarily focusing on current versus deferred portions of an income tax provision. Let’s begin by defining...
by Henry+Horne | Jan 27, 2021 | Articles, Goodwill Accounting, Impairment, Intangible Assets
Summary provided by MaterialAccounting.com: This article explains what impairment is, how intangible assets should be tested for impairment, and impairment loss for goodwill. As a result of the COVID-19 pandemic, many private companies will be tasked with...
by Henry+Horne | Nov 3, 2020 | Articles, Auditing
Summary provided by MaterialAccounting.com: This article looks at the changes coming to auditor’s reports due to a new audit standard. If you have audited financial statements, you should be aware that the accompanying auditor’s report is soon going to...
