The AICPA issued several new auditing standards a few years ago, which are effective for the December 31, 2021 audits. Find out how the standards affect what auditors do and how we document our work.
By Brandon Waller and Heather Branham
Did you know? The American Institute of Certified Public Accountants (AICPA) issued several new auditing standards a few years ago,… https://www.weinsteinspira.com/blog/2022/03/new-year-new-younew-audit-new-report/
Do you know the purpose, content and red flags to watch out for when reviewing a cash flow statement? Andy is here to help demystify the cash flow statement and break it down for you. Read all about it here.
By Andy Dube
The cash flow statement is an important part of a company’s overall financial statements. It provides a close look at the actual cash inflows and outflows for… https://www.weinsteinspira.com/blog/2022/01/demystifying-cash-flow-statement/
Have you heard? A new accounting standard is coming that will affect accounting for business leases with a large impact on restaurant chains with multi-location operations. Taylor is breaking down the impact.
By Taylor Neese
In case you haven’t heard…a new accounting standard is coming that will affect accounting for business leases of all kinds for the calendar year ending… https://www.weinsteinspira.com/blog/2020/12/lease-accounting-restaurants/
It is imperative for entrepreneurs in technology to have a healthy cash flow that supports revenue growth. What steps should you take to get there? Trina is sharing how certain practices can help with development and prosperity.
By Trina Painter
Entrepreneurs are true leaders who actively help move new technologies to market, serving a valuable role in our economy and the overall progress of our… https://www.weinsteinspira.com/blog/2020/01/how-entrepreneurs-thrive-technology-space/
Busy season is right around the corner! How does a ‘typical’ day play out for an audit supervisor during this time? Mark is sharing an inside look at his schedule.
By Mark Moon
As anyone in the accounting profession knows, daily activities vary, and ebb and flow fluctuate based on the season. For field auditors, there is further… https://www.weinsteinspira.com/blog/2019/12/day-life-audit-supervisor/
What are the proactive steps you can take to become audit ready before Day 1? Don’t miss our 8 tips to help your next audit go smoother.
By Kyle Hinger
Let’s face it, no one looks forward to the auditing process. It is much more fun to go play golf or take care of everyday business challenges, than get ready… https://www.weinsteinspira.com/blog/2019/12/how-get-ready-your-next-audit/
Whether you are a private company needing to comply with your bank’s credit agreement or a publicly held company wanting to maintain investor confidence, the accuracy and quality of reported numbers is essential. How do you find a quality auditing firm? D…
From the Weinstein Spira Attest Team
These days, financial statements are under more scrutiny and subject to stricter regulations to meet high quality standards in the U.S.… https://www.weinsteinspira.com/blog/2019/10/why-quality-audit-matters/
Whitney considers a well-organized, well-thought-out audit bag to be a virtual lifeline while in the field. What's inside her bag? Let's find out!
By Whitney Land, Audit Supervisor
After six years of working as an auditor, surviving just as many busy auditing seasons, I have learned how to work in a whole different world… https://www.weinsteinspira.com/blog/2019/04/whats-my-audit-bag/
From profitability to inventory turnover ratio, Andy is pointing out common reg flags to help you avoid any surprises in a target company’s financial statements during your analysis.
By Andy Dube
A company’s financials provide important information regarding current economic wellbeing and, if you know what to look for, can provide information on potential… https://www.weinsteinspira.com/blog/2019/02/red-flags-not-miss-companys-financials/
If you’re a private company and haven’t read the new lease standard and started your assessment, now is the time! Andy’s new blog post can help get you started.
By Andy Dube
As you may know, the new lease standard, ASU 2016-02, Leases (Topic 842), issued by the Financial Accounting Standards Board (FASB) on February 25, 2016, is now… https://www.weinsteinspira.com/blog/2019/01/new-year-new-lease-standards/