New HITRUST Reporting Options Aim to Fill Major Gaps in the Market

At a glance The main takeaway: The Health Information Trust (HITRUST) Alliance updated reporting options for assessments and certifications to provide a broader range while maintaining the gold standard of quality of reporting. Impact on your business: Any organization that stores or processes healthcare data may be required to complete a HITRUST assessment to meet customer contractual…

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How the New ASC 606 and ASC 340 Guidance Impacts SaaS Companies

At a glance: The main takeaway: Many companies have already implemented the new ASC 606 and ASC 340 guidance but have found that the new standards are complex and come with a wide range of implications. Impact on your business: Implementation cost allocation and commission expense deferral are two of the most significant challenges SaaS companies have…

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Financial Statements: How to Weigh Compilation vs. Review vs. Audit

Any business needs credibility in its financial statements. There are three main ways to do so: a compilation, a review, and an audit, the latter being the most formal option. We’ll uncover the differences between a compilation vs. a review vs. an audit. Say you’re finally about to close a deal that could change everything…

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