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4 Reasons to Co-source Government Accounting Functions

Cherry Bekaert

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

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Monday Morning Accounting News Brief: Capping Busy Season Hours FTW; Open the Books on Audit Firms? | 4.15.24

Going Concern

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. Right now, they don’t.

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Should you hire a Controller or a Bookkeeper?

Basis 365

When managing your company's finances, several roles come into play. A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. But do you need both or can you get by with just one?

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The Importance of an Accurate Balance Sheet

Basis 365

A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It's one of the most important financial documents to help you make informed decisions, plan for the future, and secure financing. What is a Balance Sheet?

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The rise of ESG accounting and what it means for auditors

ThomsonReuters

Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession. What is ESG accounting? As a growing number of businesses focus on ESG-related initiatives, accounting is playing an increasingly important role. Then there’s the tax implications.

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The Importance of an Accurate Balance Sheet

Basis 365

A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It's one of the most important financial documents to help you make informed decisions, plan for the future, and secure financing. What is a Balance Sheet? Here are a few reasons why: 1.

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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

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