IFRS—Starting to Prepare Now Can Save Your Firm Effort, Time and Money

by Sheri Oliveras Lejman, Principal

With IFRS (International Financial Reporting Standards) rapidly becoming a dominant language of financial reporting worldwide, due to the increased globalization of commerce, it is important that your company begins assessing the impact of IFRS now...(more)

Three Ways to Minimize Your Company's Chances of an IRS Audit

by Rob Babek, Principal

Whether your business is profitable or unprofitable, if it's been around long enough, chances are the IRS will eventually select yours for an audit. Of course, there are certain red flags that will definitely draw the attention of the IRS to your business and increase the chances that you will be audited. Being aware of these three big red flags can help minimize those chances...(more)

Maximizing Your Audit Relationship is as Easy as 1–2–3—4

by Marjorie Bailey, Principal

You've carefully selected an auditor who offers a competitive price, pays sufficient attention to your firm's needs and understands your industry. But if you truly want to make the most of your audit relationship—and save yourself some money, your responsibilities are not yet over. I recommend these four crucial steps to maximizing your audit relationship...(more)