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Key Financial Statement Audit Preparation Tips for First-Time Audits

Withum

While the SEC does not mandate that private companies conduct financial audits, many voluntarily opt for an audit to bring credibility and transparency to their financials, whether to meet investor expectations, fulfill loan requirements, secure future funding, satisfy regulatory requirements or prepare for a potential sale.

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Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

CPA Practice

million to settle a Securities and Exchange Commission lawsuit that alleges that two former executives committed accounting fraud at the Stamford-based company. The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 The company then restated those statements. (TNS) Nov.

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The Month-End Close Process: A Behind-the-Scenes Look for Business Owners

Basis 365

The month-end close process is a critical accounting procedure that ensures the accuracy of financial statements, providing a snapshot of your business's financial health. This blog walks you through the steps involved in the month-end close and explains why each step is vital for reliable financial reporting.

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Overview of 2024 CCH Connections- The Accounting Technology Lab Podcast – Nov. 2024

CPA Practice

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:10 welcome to the accounting Technology Lab. AI disclosures on a on the generator Brian F. Is it perfect yet? Sure, its not. But is it good?

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Top 6 Benefits of Outsourcing Accounting Services for Your Business in 2025

Analytix Finance & Accounting

Let’s face it: managing accounting of your small-to-medium business in-house can be a challenge. But here’s the thing… Outsourcing your accounting isn’t just a convenience anymore — it’s becoming a competitive advantage in 2025. What is Outsourced Accounting? Tracking expenses.

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Use Cases That Show How Salesforce NPSP & Accounting Seed Power Nonprofit Efficiency

Accounting Seed

Pair it with Accounting Seed, and you will simplify your financial workflows and improve reporting accuracy. This blog explores how the integration between Salesforce NPSP and Accounting Seed eliminates data silos and bridges the gap between mission and money. No manual entry necessary.

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10 Bookkeeping Best Practices Every Business Should Outsource

Basis 365

Keeping your business successful requires well-managed financial records, but taking the time and money to build an accounting team can use up resources you cant spare. If youre finding it difficult to keep up with your bookkeeping but dont want to hire an in-person accounting team, its time to consider alternative solutions!