Auditing Articles

Accounting » Auditing | By Terry Cartwright @ Wednesday, 23rd July 2008

To qualify for being able to file shortened accounts a small company should satisfy at least two of three conditions. The three exemption conditions prior to April 2008 were that annual turnover is less than 5.6 million pounds, balance sheet total is less than 2.8 million pounds and the average number of employees is less than 50. Where the financial year [more...]

Accounting » Auditing | By Peter Geisheker @ Friday, 27th June 2008

You might be under the false impression that because someone owns a medical practice they are very wealthy. It might be true, but just as easily it might not. If a physician isn\'t making the kind of money he should it might be because he doesn\'t have the skills necessary to take care of the business side of [more...]

Accounting » Auditing | By gary Patterson @ Sunday, 15th June 2008

\"Just when you thought Sarbanes Oxley concerns had been sufficiently addressed so that non-public companies could take the issue off their dashboard, things have changed, \" says Gary W. Patterson, Enterprise Risk Management expert and speaker. He forewarns that Enterprise Risk Management (also referred to as ERM) will soon become a business issue for almost every business on the planet, [more...]

Accounting » Auditing | By Michael Sack Elmaleh @ Tuesday, 25th March 2008

The following item was reported in a recent American Institute of Certified Public Accountants communication: \"The Exempt Organizations Division of the IRS had posted on the IRS web site a controversial document setting forth the Service\'s view on what constitutes good governance practices for tax-exempt entities. Included in the document was the suggestion that audit firms be rotated on a [more...]

Accounting » Auditing | By Derek Both @ Wednesday, 21st November 2007

When you own your own business it is important to enlist the help of an accountant in order to provide audit services. This is because it provides documentation that you are dealing with the financial aspect of your business in the correct way and can be used as evidence if any issues arise. Some people don\'t even know what audit [more...]

Accounting » Auditing | By Mel Abraham @ Tuesday, 7th August 2007

This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the appraisers or appraisals fail to [more...]

Accounting » Auditing | By Mel Abraham @ Wednesday, 1st August 2007

This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the appraisers or appraisals fail to [more...]

Accounting » Auditing | By Mel Abraham @ Wednesday, 1st August 2007

This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the appraisers or appraisals fail to [more...]

Accounting » Auditing | By Kevin Dark @ Thursday, 8th February 2007

Recently hailed as the number one career for the year 2007, Internal Auditors are very well sought after and compensated accordingly. Because of stricter laws and enforcements due to corporate accounting scandals, like that of Enron, companies are offering top dollar compensation to accounting and finance professionals to provide internal audits. As an internal audit can be expensive, [more...]

Accounting » Auditing | By MITCHELL HAMPSON @ Wednesday, 26th July 2006

Tax time! Aaaahhhhhh! Sound familiar? Tax time is the one time of the year that everyone gets nervous and anxious because we all know that we are going to be putting out a big chunk of change. It sucks, we hate it but it is one of those things that we have to deal with, unless of course we want [more...]