New audit committee survey reveals trends on risks, ESG reporting and more
What are the top concerns your organization is currently facing? This is just one of the questions audit committee members were asked.
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Outlook
News, views, and ideas shaping the future.
Linden Bumpass
- Feb 26, 2022
- 2 min
Are you ready for the new disclosure requirements for government assistance?
Has your organization received any COVID-19 relief funds, tax incentives or other type of government assistance in recent years?
Joe Edwards
- Feb 10, 2022
- 3 min
Approach turnaround acquisitions with due care
Could your business acquire a struggling competitor this year? Be sure to fully explore the benefits and risks of any prospective deal.
Lydia Ritze
- Feb 4, 2022
- 2 min
Audit disclosures: Why the fine print is important
Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them
Chris Luckhaupt
- Jan 28, 2022
- 3 min
Let your financial statements guide you to optimal business decisions
Business owners: Your financial statements could very well hold the data points you need to make the right moves this year.
Karen Keller
- Jan 22, 2022
- 2 min
How to forecast smarter
Start the year off right with reliable financial forecasts. Here are five questions to guide you through the process.
Linden Bumpass
- Jan 22, 2022
- 2 min
Preparations vs. compilations
Small business owners: Can you name the key differences between prepared and compiled financial statements?
Nathan Oswald
- Jan 6, 2022
- 3 min
Commission fraud: When salespeople get paid more than they've earned
A commission program can boost employee compensation & morale. But it also can tempt salespeople to commit fraud. Here's how to contain it.
Karen Keller
- Jan 6, 2022
- 2 min
KPIs: What are they, and which ones count?
What are the keys to your company’s success? Read on to help unlock the answer.
Charlie Halcomb
- Dec 23, 2021
- 2 min
How to account for change orders
Does your business enter into long-term contracts with customers? If so, you need effective procedures to manage and report any changes.
Charlie Halcomb
- Nov 29, 2021
- 2 min
Are you ready for the upcoming audit season?
If your organization follows a calendar year end, here are simple ways you can facilitate audit fieldwork.
Karen Keller
- Nov 18, 2021
- 2 min
4 red flags of an unreliable budget
Are you sure your business has a sound budget in place for 2022? Here are four warning signs that you may need to revise it.
Heather Bucher
- Oct 20, 2021
- 2 min
Engaging in customer-focused strategic planning
Whether the customer is always right is debatable, but businesses should put their customers first when developing a strategic plan.
Nathan Oswald
- Oct 18, 2021
- 2 min
Going concern disclosures today
Is your company still mired in the economic downturn brought on by the pandemic? If so, you might have doubts about its long-term viability.
John Eberhart
- Oct 13, 2021
- 2 min
4 ways to refine your cash flow forecasting
Business owners, you may not have a crystal ball, but you can forecast cash flow. Here are four tips to consider.
Karen Keller
- Oct 1, 2021
- 2 min
Flash reports: Real-time financial reporting
Does your company prepare weekly or daily flash reports? These can be a powerful tool to help anticipate potential risks & see opportunities
Karen Keller
- Sep 3, 2021
- 2 min
Best practices for reporting business-related T&E expenses
Is your business starting to wine & dine customers again? Consider reviewing your practices for reporting entertainment & travel expenses.
Jen Frost
- Sep 1, 2021
- 2 min
5 questions to ask about your marketing efforts
Your company’s marketing efforts may feel like a roll of the dice. Here's how you can put the odds in your favor.
John Eberhart
- Aug 26, 2021
- 2 min
Expanding succession planning beyond ownership
Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees?
Lydia Ritze
- Aug 20, 2021
- 2 min
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
Private entities with long-term leasing agreements need to update their accounting systems for major changes to rules for long-term leases.