Mar 20, 2024 | Assurance, Firm Updates
Once the audit fieldwork has been completed, the auditors move into wrapping up the audit process and issuing the final reports. Here are some expectations and tips to improve the organization’s audit experience. At the end of the audit week, it may be best to sit...
Jan 23, 2024 | Assurance, Firm Updates
Undergoing a financial statement audit for the first time can be a daunting experience for any company. However, with careful preparation and a clear understanding of the process, you can navigate through this crucial milestone with confidence. In this blog,...
Oct 30, 2023 | Assurance, Firm Updates
If your organization needs audited, reviewed, or compiled financial statements, Sciarabba Walker can help. Here is a summary of these services, what each entail, and some relevant factors in deciding which fits your organization’s needs. An audit provides the highest...
Dec 5, 2022 | Assurance, Firm Updates
The COVID-19 pandemic brought the prevalence of remote work and electronic teamwork to a new level. When changes of this magnitude occur, organizations must update their internal controls to reflect the new environment. There are five components to an internal control...
Sep 7, 2022 | Assurance, Firm Updates
In 2016, the Financial Accounting Standards Board announced a new accounting standard introducing the current expected credit losses (CECL) methodology. CECL is effective beginning January 1, 2023, early adoption is allowed. CECL will cover all financial instruments...
Jul 25, 2022 | Assurance, Firm Updates
The date for implementing the new leasing standard is here. Sciarabba Walker recommends that an inventory of lease agreements is completed, and the various reporting requirements for year-end are taken into consideration. The effective date of the standard had...
