AUDITS, REVIEWS & COMPILATIONS

4 Red Flags of A Potential Going Concern Issue

Readers of your financial statements can assume your company’s ability to function as a going concern (i.e., has the resources to operate successfully), unless your company is impacted by specific financial and operational matters. Watch as Ana Gallardo explains four types of these “red flags” – and how CRI can help companies evaluate [...]

February 28th, 2017|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

A Snapshot of the FASB’s New Goodwill Impairment Standard

With digital cameras, taking a photograph is typically a simple process with two steps: point and shoot. Another two-step process – according to a recently issued mandate from the Financial Accounting Standards Board (FASB) – is the goodwill impairment test. The FASB’s new goodwill impairment standard eliminates Step 2 of the test, thereby reducing the [...]

5 Simple Steps to Make Your Financial Statements User Friendly

Are you a business owner who struggles to compile information to produce an accurate financial statement? Watch as Debbie Alexander discusses five steps you can take to simplify your financial statement activities.

Financial Statement Preparation: Four Tricks to Power Up Business Performance Tracking

Most of us have played a video game at some point in our life – likely even Super Mario or Donkey Kong. Some people scour online to find helpful tricks that will help them advance to the next level. Similarly, many of us are often looking for ways to help advance our business, and financial [...]

5 Tips for Financial Statement Audit Preparation

Surprises are for anniversaries, not for financial statement audits. Watch Lorri Kidder present five tips for financial statement audit preparation.

March 8th, 2016|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

Financial Statement Audits Aren’t Designed to Identify Fraud

When it comes to making sure your financial statements are accurate, it's important to know whether you need an audit, a fraud assessment, or both. Watch David Alvarez describe the differences between these two engagements.

March 8th, 2016|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

Compare Audit, Review and Compilation – What Are the Differences?

How do you compare audit, review and compilation? And what are the differences in these three services? These questions are often asked by small and mid-sized companies. Watch Candy Cunard and Jon Heath discuss the different levels of evaluation.

January 20th, 2016|AUDITS, REVIEWS & COMPILATIONS|

Did You Know? 4 Financial Statement Terms

If you’ve been in business for a while, then you’re likely familiar with most of the keywords on your financial statement. Nonetheless, it doesn’t hurt to review these terms and think about how they currently apply to your company. Below are four key financial statement terms to know. Balance sheet. It provides a snapshot of a [...]

Following the Guide: Private Company Accounting Alternatives

In December 2013, the Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) released the final Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies (the “Guide”). The ultimate goal of the Guide is to create private company accounting alternatives that decrease the complexity and costs of preparing financial [...]

January 1st, 2014|AUDITS, REVIEWS & COMPILATIONS, CLIENT ACCOUNTING SERVICES|

Double Vision: Financial Statements and Tax Returns

Many business owners become anxious when they see the differences between their financial statements and tax returns. To some owners, it seems as though they’re keeping two completely different sets of books — a situation that no auditor would look upon happily. However, while the differences between these two reports can mimic the act of [...]

SME Framework Advantages Take Center Stage

The curtain is opening on great news for SMEs, which pervade the United States with an estimated 20 million such businesses spanning various industries. (In fact, most of you reading this article are part of an SME.) These are primarily owner-managed entities—companies in which the controlling ownership interests are held by substantially the same people [...]

July 24th, 2013|AUDITS, REVIEWS & COMPILATIONS, CLIENT ACCOUNTING SERVICES|