Resources

Archive for the ‘Assurance Services’ Category

Thursday 07/11/2019

Common Types of Fraud and How to Protect Your Company

Elizabeth Friswold, CPA, CFE is a manager at Corrigan Krause. What is Accounting Fraud and What are the Different Types? Many individuals want to know, what exactly is accounting fraud?  There are three different types of common accounting fraud: Misappropriation of Assets: For example, stealing inventory or cash. This is the most common type of […]

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Thursday 07/12/2018

Is your Company Prepared for the New Revenue Recognition Policies?

Beth Friswold, CPA, CFE shares what to expect with the new revenue recognition policies. If you are a privately held company or not-for-profit organization, coming January 1, 2019, your company will need to determine if you are in compliance with Generally Accepted Accounting Principles (GAAP). The Financial Accounting Standards Board (FASB) has redefined the requirements […]

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Thursday 08/17/2017

Peer Reviews: Audits of the Auditors

Molly Stinn, CPA explains what a peer review is and gives an update on Corrigan Krause’s most recent peer review findings. The purpose of a peer review is to promote quality in the accounting and auditing services provided by CPA firms. Peer reviews ensure that CPA firms are preforming at a high standard and offer firms […]

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Thursday 04/20/2017

I Made a Mistake Running my Employee Retirement Plan. Now What?

  Sheri Terens, CPA shows how to handle common mistakes in retirement plans:     So, you’re a great employer that started an employee retirement plan to offer the added benefit to your employees. Of course you want to do the right thing to run your plan, but are you?   First, you need to […]

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Wednesday 03/22/2017

Does Your Business Need an Audit?

Sean Brady, CPA shares some key benchmarks that may indicate it’s time for an audit:     “The times, they are a-changin’,” is not just a title of a well-known Bob Dylan song. It’s commonly indicative of why your organization may need an audit. Audits are typically brought about by change, primarily a change in the stakeholders. To […]

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