by Moss Adams | Sep 7, 2021 | Articles, Auditing
During the COVID-19 pandemic, work-from-home environments became normal, often deferring the maintenance of internal controls over financial reporting (ICFR). Organizations tend to prioritize pressing staffing and resourcing concerns during times of disruption—which...
by Moss Adams | Aug 25, 2021 | Articles, Auditing
IT and internal audit teams share a common goal to protect your organization from risks, but collaboration between teams can sometimes cause friction due to key differences in approach and language. If you can better understand how these teams interact, and some of...
by Moss Adams | Jul 23, 2021 | Articles
Summary provided by MaterialAccounting.com: This article provides insight into the FASB’s update to ASC 842 about lessor’s accounting for leases with variable lease payments. – On July 19, 2021, the Financial Accounting Standards Board (FASB) issued...
by Moss Adams | Jul 19, 2021 | Articles, GASB, Government Accounting
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2021-1, Implementation Guidance Update—2021. The implementation guide contains new questions and answers that address the application of GASB standards on derivative instruments,...
by Moss Adams | Jul 12, 2021 | Articles, Auditing
Summary provided by MaterialAccounting.com: This article explains 5 steps to protect against material weakness as you prepare for an independent audit. The stock value of a public company can drop significantly when an independent auditor finds a material...
