Posts Tagged ‘Assurance’
Department of Labor Issued Final Revisions to the Definition of a Plan Participant for Form 5500
At a glance Schedule a consultation with an Aprio Advisor today. The full story: After being in the works for several years, the Department of Labor has issued the final instructions for Form 5500 Annual Return/Report of Employee Benefit Plan, effective for 2023 filings. Many of the revisions are final versions of changes originally outlined…
Read MoreNew HITRUST Reporting Options Aim to Fill Major Gaps in the Market
At a glance Schedule a consultation today with one of Aprio’s Information Assurance experts. The full story: The Health Information Trust (HITRUST) Alliance will release new reporting options on January 1, 2022, to address issues within the market revolving around the complexity of obtaining a full HITRUST certification. The HITRUST Common Security Framework (CSF) and the…
Read MoreHow the New ASC 606 and ASC 340 Guidance Impacts SaaS Companies
ASC 606 and ASC 340 at a glance: Schedule a free consultation to learn more. ASC 606 and ASC 340 – the full story: Companies were required to adhere to and implement ASC 606 Revenue from Contracts with Customers and ASC 340 Other Assets and Deferred Cost (which we’ll collectively refer to as the “new guidance”) for years starting after…
Read MoreFinancial 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…
Read More11 Things to Do Now to Prepare for Your First Audit
A financial statement audit attested by an independent auditor includes the examination of a company’s financial records that include balance sheet, income…
Read MoreRevised Revenue Recognition Standards: The Impact on M&A Transactions
The new accounting standard for revenue recognition will present unique considerations for companies that are eyeing an M&A transaction. Learn more.
Read MoreBalance Sheet Optimization: It’s a Virtuous Circle
In the day-to-day rush of managing business operations and maintaining minimum liquidity, many companies neglect to take a step back and review whether they are borrowing more than necessary — or paying more than they need to for their credit facilities. By seeking out opportunities to optimize borrowing, you can achieve balance sheet optimization, which…
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