Recently added articles from Journal of Accountancy:
CPAs can help builders increase profits, cash flow.(certified public accountants)
Dec 01, 2009; ... At a time when the construction industry is faced with unprecedented economic conditions, companies must do everything possible to remain profitable and maintain positive cash flows. Consider the following tips to help your clients in this industry: * Take every available tax ...
Don't skimp on scanners.
Dec 01, 2009; ... Another tax season is coming and with it come renewed vows of "going paperless"--or at least going in that direction. The CPAs who have gone completely paperless--scanning in the beginning of the process, using triple monitors so the third screen replaces the physical source ...
Detecting circular cash flow: healthy doses of skepticism and due care can help uncover schemes to inflate sales.
Dec 01, 2009; ... EXECUTIVE SUMMARY * Companies using asset-based financing ere particularly prone to fraud involving the inflation of working capital assets because this increases the company's ability to borrow cash. Asset-based financing typically includes a revolving line of credit ...
Risk-based audit best practices.
Dec 01, 2009; ... EXECUTIVE SUMMARY On all audits the auditor must evaluate the design and implementation of internal control to properly identify and assess risk. Implementing and applying this standard in practice has proven to be a challenge for many firms. * The key to ...
Selecting the right investigative resource: when does an allegation of financial statement fraud call for an in-house investigation, and when is hiring outside experts prudent?
Dec 01, 2009; ... EXECUTIVE SUMMARY * A financial fraud allegation demands an appropriate and timely response, The process includes knowing how to assess the allegation and selecting the appropriate investigative resources. Follow this process for determining how and by whom an allegation should ...