AUDITS, REVIEWS & COMPILATIONS

What is my Crazy Auditor Doing? 5 Sane Reasons for the Madness

Do you ever wonder why your auditor may be asking you for something you've never had to provide before? Cheri Swain explains how CRI auditors cover their bases to allow you to easily respond to risk and ensure that they are staying compliant with audit procedures laid out by the AICPA. [...]

June 20th, 2018|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

No Cookie Cutter Business Here: 4 Must-Have Ingredients for the Auditor Selection Process

When it comes to baking, a chef must ensure that all the ingredients are available and ready to be used. Whether that means buying, borrowing or substituting, a recipe requires that all ingredients are present. Likewise, a company should insist on specific qualities and characteristics from the auditor it chooses to ensure that its accounting [...]

March 15th, 2018|AUDITS, REVIEWS & COMPILATIONS|

An AUP or an Audit: Which Way Should You Go?

The public accounting profession offers a number of services, making it difficult for many to understand which direction is best for a particular need. Two services that are often confused are audits and agreed-upon procedures (AUPs). An AUP engagement offers the client greater flexibility than what a traditional audit can provide. It is likely to [...]

Why Fair Value is Becoming a Popular “Celebrity” in the Accounting Profession

Entertainment magazine fans probably see the same popular celebrities in issue after issue. Similarly, those who stay up-to-date on current accounting issues probably stumble upon a new article about the fair value standard almost every week. The reason for this increased focus is relevance. The question constantly posed by accounting practitioners, academics, and users of financial [...]

July 26th, 2017|AUDITS, REVIEWS & COMPILATIONS, AUGUST 2017|

Protected: It’s a New Day for Debt Issuance Costs

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June 20th, 2017|AUDITS, REVIEWS & COMPILATIONS, CLIENT ACCOUNTING SERVICES|

The Audit Report: Understanding Your Financial “Taste Test” Results

Start-up and small business owners facing a first-time financial audit might feel like contestants on an episode of the cooking competition show Top Chef, sweating bullets as they await the judges’ decision regarding their culinary efforts. Understanding what goes into an auditor’s report can go a long way toward alleviating that stress. An independent auditor’s [...]

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 [...]

February 20th, 2017|AUDITS, REVIEWS & COMPILATIONS, CLIENT ACCOUNTING SERVICES|

Efficiently Connecting Specialists Through the CRI vSTAR™ Process

David Mills explains the enhanced availability of our industry and services specialists through the CRI vSTAR™ process that utilizes virtual audit technology to leverage the best CRI team members for our clients’ needs.

June 27th, 2016|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

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.

April 21st, 2016|AUDITS, REVIEWS & COMPILATIONS, CLIENT ACCOUNTING SERVICES, VIDEO|

Financial Statement Preparation: 4 Steps 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 to Prepare for a Financial Statement Audit

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 [...]

April 30th, 2015|AUDITS, REVIEWS & COMPILATIONS, CLIENT ACCOUNTING SERVICES|