What you need to know about the auditor opinion in SOC 2 reports
SOC COMPLIANCE By Christopher Moschella, CPA, CISA, Risk Advisory Services Senior Manager SOC 2 Reports – Part 2 What does the Auditor Opine On? A SOC report contains the results…
SOC COMPLIANCE By Christopher Moschella, CPA, CISA, Risk Advisory Services Senior Manager SOC 2 Reports – Part 2 What does the Auditor Opine On? A SOC report contains the results…
…deduction against all UBTI generated after January 1, 2018 before applying 512(a)(6)(B) rules. In short, pre-2018 NOLs are preserved and may be utilized in the “manner that results in maximum…
…guides and maps updating business owners on different state laws for collecting sales tax for online sales from out-of-state vendors. The results of the Firm’s efforts included ROI of 300%…
Increase in gas prices results in updated mileage rate for business vehicles Recently, the IRS updated the standard mileage rates for 2023 for business use of an automobile, charitable use…
Negotiating and Managing the Sale of Your Business As a business owner, you have probably been negotiating different facets of your business for years. However, that may not have prepared…
…as the Work in Progress (WIP) schedule is a major report to review since it impacts your company’s financial results. It can also be a critical document for project management…
…to reflect the formal definition in ASC 220, Income Statement—Reporting Comprehensive Income, which typically places “other income” below operating income. Amounts recognized separately may be presented within operating results if…
…paired with strong email protection controls can go a long way to preventing an employee from clicking the wrong link or opening the wrong document that results in a ransom…
…in competitive RFPs Identify control gaps and improvement opportunities Reduce the need for repetitive customer questionnaires These outcomes depend on credible, high‑quality results, which a “quick audit” cannot provide. Why…
…income can align taxable results more closely with project completion and cash realization. Compliance updates, including monitoring forthcoming IRS and Treasury guidance to clarify definitions and transition rules. Background: Understanding…
Qualified Opportunity Zones (QOZs) provide a unique opportunity for taxpayers to invest in low-income communities while also offering significant tax benefits. QOZs were designed to encourage investment and economic growth…