December 15, 2016

Information Technology: Four Best Practices for Your Organization

Do you think your organization is too small to worry about information security? Not so. According to a 2015 Internet Security Threat Report from Symantec, 43% of cyber-attacks target small businesses. To protect yourself against invaders and hardware failures, consider implementing the following four best practices: 1. Keep your employees passwords confidential by using an administrator password. Do your employees share passwords? Do you keep a list of all of the passwords used by your employees in a little binder […]
November 15, 2016

Three Ways to Implement Segregation of Duties in Your Organization Now

For those interested in keeping material errors and fraud out of their organization (and who isn’t), it’s important to embrace segregation of duties. Segregation of Duties (SOD) is a fancy term for a simple idea: having more than one person required to complete a task. The reason to do this is also simple: no employee should be in a position to both perpetrate a fraud and to conceal it. SOD also helps by bringing another set of eyes to a […]
October 14, 2016

Is it Really an Audit That I Need? What are the Other Options?

Although the word “auditor” has “audit” within it, audits are not the only services that we provide. In fact, depending upon your needs and your organization’s regulatory requirements, an audit might be overkill. So what are your other choices? First, you will need to decide if the users of your financial statements need the auditor to provide some assurance regarding their overall accuracy. Depending upon your answer, you will most likely choose from the following services: Compilation with Disclosures Financial […]
September 15, 2016

What Does an Auditor Do Besides Ask a Bunch of Questions? An Audit Explained…

In going about our business, we auditors will often throw around the term “audit” like the whole world knows what we’re talking about. For those of you too polite to ask, let’s talk about what we do in an audit. At heart, an audit is an examination. As independent auditors, we are engaged to examine your financial statements, the processes that you use to input your financial data, and the safeguards you have put in place to prevent and detect […]
August 8, 2016

What is GAAP? It Sounds Like a Hazard on the Sidewalk…

What was your company’s net profit last year? It seems like a simple question, doesn’t it? In fact, we should add a joke here about it being harder to earn the profit than it is to measure it. The surprising truth is that your company’s profit is a subjective question. Not only does the amount earned last year depend upon how it is measured, the method chosen to measure it may make the difference between a net profit and a […]
December 23, 2015

Hello and Welcome to Our Blog!

This space is going to be filled with information on tax and accounting topics to help the reader understand why we do things the way we do them. Individual and businesses come to us because we are experts in issues related to tax, audit and bookkeeping. What we do on a daily basis comes naturally to our staff but can be confusing to anyone that isn’t working in the industry. Our hope for this space is to inform the reader […]