Don’t be the Next Victim

The Association of Certified Fraud Examiners (ACFE) just released their 2016 Report to the Nations on Occupational Fraud and Abuse and the results continue to be astounding. A typical U.S. business loses as much as 5% of its revenue each year due to corporate and...

Upcoming Changes to the Measure of Inventory

Confucius said, “Life is really simple,but we insist on making it complicated”. This truth can be said for the accounting profession and some of its related accounting pronouncements. With complex derivative instruments, hedging transactions, share-based compensation,...

Crossing State Lines: Complexities of State Business

Many state governments are placing an increased emphasis on ensuring that out- of-state businesses that should be paying sales and income taxes are registered and are paying the proper amount of taxes. Many states have discovery departments for the very purpose of...

Capitalize on the Hot M&A Market?

Last year, the value of Merge & Acquisition (M&A) transactions reached a record high with aggregate deals in excess of $4.8 trillion. This exceed the previous high in 2007 which surprassed $4.1 trillion. Read...

Who is Watching Over your Finances?

The Securities and Exchange Commission (SEC) requires all listed companies to have an audit committee (or equivalent) as part of its Board of Directors. Highly effective audit committees are comprised of “independent” members with at least one financial expert. Read...