Remove Accounting Standards Remove Compliance Remove GAAP Remove Leadership
article thumbnail

Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Overview of the PCAOB and AICPA The Public Company Accounting Oversight Board (PCAOB) is a regulatory body established by the Sarbanes-Oxley Act of 2002 in response to corporate accounting scandals like Enron and WorldCom.

article thumbnail

Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger. Controlling (CO).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

As AI permeates finance, questions about its compliance with audits and financial governance will arise. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.), a model could be trained to become an expert in finance and accounting.

Finance 95
article thumbnail

TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

As AI permeates finance, questions about its compliance with audits and financial governance will arise. SEC filings, GAAP documentation, FASB accounting standards, IFRS standards, PCAOB, FINRA, etc.), a model could be trained to become an expert in finance and accounting.

Finance 52
article thumbnail

The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

article thumbnail

Outsourced bookkeeping for a nonprofit

The Charity CFO

As regulations surrounding nonprofits can be incredibly complex, expert guidance on financial matters, including compliance with tax laws and regulations, is key. Risk of Outsourcing Nonprofit Accounting While there are many benefits to outsourcing your bookkeeping, we would be remiss not to mention the potential downsides.

article thumbnail

Strategic Finance Focus at Year-End

VCFO

Assessing Accounting For entities preparing GAAP compliant financial statements, adoption of Revenue Recognition Standard (ASC 606) and Lease Accounting Standard (ASC 842) is now mandatory. Evaluating the carrying value of intangible assets such as goodwill and intellectual property. What About Borrowing?

Finance 91