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Category: Internal Control

6 Ways To Fortify Your  Cybersecurity Defenses

Posted on June 12, 2022June 15, 2022

Small to midsize businesses might assume hackers won’t bother with them. But construction companies of any size are indeed a prime target for cybercriminals. In fact, construction was the top […]

Posted in Cyber Security, Internal Control, Planning, Risk Assessment, Small Business

Tax considerations when adding a new partner at your business

Posted on May 19, 2022May 19, 2022

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new partner will […]

Posted in Financials, HR, Internal Control, Partnership, Planning, Reporting, Small BusinessTagged Adding parters

Management Letters: Follow Up On Your Auditor’s Recommendations

Posted on May 9, 2022May 9, 2022

Maintaining the status quo in today’s volatile marketplace can be risky. To succeed, businesses need to “level up” by being proactive and adaptable. But some managers may be unsure where […]

Posted in Audit, Financials, GAAP, Internal Control, Planning, Reporting, Small BusinessTagged auditor's recommendations

CFO, yes or no? Here’s how to decide

Posted on May 5, 2022May 9, 2022

Whether your not-for-profit organization needs a chief financial officer (CFO) depends on many factors, such as the size of your organization, the complexity and types of revenue sources, and the […]

Posted in Hiring, HR, Internal Control, Labor, NonprofitTagged CFO role

Goodwill in a bad economy

Posted on April 20, 2022May 13, 2022

In today’s volatile economy, many businesses and nonprofits have been required to write down the value of acquired goodwill on their balance sheets. Others are expected to follow suit — […]

Posted in Financials, GAAP, Internal Control, Nonprofit, Planning, Reporting, Risk Assessment, Small BusinessTagged goodwill, goodwill testing, impairment testing

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The articles in this blog are published with the understanding that the authors are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use.

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