401k Audit

How can you ensure that you’re choosing the right firm for your 401k audit? How can Froehling Anderson provide value to your operations? Here, two of Froehling’s Certified Public Accountants answered questions about the 401k

Key Deadlines for 2019 Quarter 2 Tax Calendar

Does the April 15 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2019? Here are some of the key tax-related deadlines that

Auditing Cashless Transactions

Who pays with cash anymore? Many customers prefer electronic payment methods, such as credit cards, PayPal, Venmo or even Bitcoin. But modern forms of payment require a modern audit approach. Cashless transactions require the exchange of

Post-M&A Financial Statements

M&A volume skyrocketed in 2018. However, before you close on a prospective deal, it’s important to consult with your auditor and make sure your post-M&A financial statements comply with U.S. Generally Accepted Accounting Principles. Prepare the

Auditing Accounts Payable in 4 Steps

Since a lot of money flows through accounts payable (AP), it is important to get it right! Auditors can help by using four key procedures on AP: reviewing standard operating procedures (SOPs), analyzing source documents (such as

The Importance of Revenue in an Audit

Though balance sheet accounts are the customary focus of auditors, revenue is a key income statement account. And it may steal the spotlight in the coming audit season. Contact us to help ensure your company

Conducting Risk Assessments

Your auditor conducts an updated risk assessment every year when preparing financial statements. Learn how CPAs factor risk assessments into their audit procedures. 3-Prong Assessment Audit risk is a combination of three components: Control risk.

Financial Reporting Issues With Audit Opinions

Lenders and investors look to your company’s audit opinion letter for insight. They know which types of audit opinions tend to foreshadow financial reporting and going-concern issues. Do you? The Basics To find out what

Audit Procedures with Related-Party Transactions

Ultimately, people typically prefer to do business with people they know, like and trust. But related-party transactions can provide opportunities for individuals to act in a way that creates confusion between the concerns of the

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