GrowthForceBlog

MAY 27, 2022

6 min read. Outsourcing non-core competencies continues to make waves in the business world. And it’s not slowing down anytime soon.

Account 67

Account accountant accounted bookkeeping 67

PYMNTS

JULY 11, 2019

The latter is the power of mobile card services (MCS) which allow users to turn their cards on and off, set spending limits, restrict usage based on purchase location and receive alerts when cards are used. The thing is, fewer than one-quarter of consumers currently use mobile card services. What gives? percent and 8.4

Retail 49

Retail Education Account accountant 49

RogerRossmeisl

DECEMBER 15, 2022

It is critical for business owners to correctly determine whether the people providing services are employees or independent contractors. An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be done. Independent contractor vs. employee Whether a.

CPA 236

CPA Legal Tax cpa firm 236

Airbase

NOVEMBER 7, 2023

From simplified procurement processes to better control over spending and timely payment processing, each step offers insights into a system designed for efficiency and transparency. It includes identifying and sourcing suppliers to negotiate contracts, placing orders, receiving goods and services, and processing invoices and payments.

Technology 130

Technology Approval Workflows Spend Management audit 130

Cherry Bekaert

MARCH 18, 2024

During this episode they discuss the many benefits of Service Organization Control (SOC) 2 reports, such as security insights, gaining customer trust and risk management, and how those benefits bring value to a company. Contact Us The post An Introduction to SOC 2 Reports appeared first on Cherry Bekaert.

Account 116

Account accountant accounted 116

Airbase

SEPTEMBER 27, 2023

In its simplest terms, procurement is the process of acquiring goods or services. For many organizations, procurement is transactional and focuses on obtaining goods and services efficiently while minimizing costs. Receive and inspect the delivered products or services. What is procurement? Negotiate pricing and contract terms.

Accounts Payable Automation 130

Accounts Payable Automation accounts payable Technology audit 130

Withum

SEPTEMBER 20, 2023

This creates a strain to implement strong internal controls. Many frauds occur when there are conflicts of interest, lack of segregation of duties, lack of monitoring, and poor control environments. Based on these facts, it is imperative to implement certain layers of internal control to detect and prevent fraud from occurring.

general ledger 114

general ledger payroll financial statements audit 114

AccountingDepartment

MARCH 29, 2023

Considering the need for a financial controller for your business? To help you solidify the decision, learn more about the duties of a financial controller and the benefits of partnering with an outsourced client accounting services (CAS) provider to make it even easier!

Account 84

Account accountant accounted bookkeeping 84

TaxConnex

JUNE 27, 2023

Fortunately, there are options outside of managing sales tax on your own, but it leaves you with a choice - sales tax software or service provider? Flexibility and Control: With sales tax software, you have the flexibility to manage and file your sales tax returns on your own terms.

Sales 130

Sales Tax auditor tax return 130

CPA Practice

OCTOBER 20, 2023

To distinguish independent contractors from employees, employers should examine the relationship between the worker and the business, factoring in the degree of control and independence in the relationship. The evidence fall into three basic categories: behavioral control, financial control, and relationships of the parties.

payroll tax 116

payroll tax payroll income tax Tax 116

Withum

NOVEMBER 2, 2023

Withum is pleased to share that it has successfully completed a System and Organization Control (SOC) 2 Type 1 examination in accordance with the standards set forth by the Association of International Certified Professional Accountants (AICPA). Client data security is of the utmost importance in today’s business landscape.

audit 111

audit auditor cpa firm CPA 111

AccountingDepartment

FEBRUARY 9, 2023

It’s common for business owners to feel stretched to the limit with the services they have. Yet this isn’t necessarily the case — particularly regarding client accounting services (CAS). But why are these services so important? What are client accounting services? Why are client accounting services so important?

Account 94

Account accountant accounted bookkeeping 94

Going Concern

FEBRUARY 21, 2024

The Public Company Accounting Oversight Board (PCAOB) announced today it sanctioned WithumSmith+Brown for violations of PCAOB rules and quality control standards related to those goddamn SPACs to the tune of $2 million. Yet the number of partners assigned to these audits increased by only 50% (from 15 to 23).

audit 104

audit auditor Account accountant 104

CPA Practice

NOVEMBER 16, 2023

In addition, we’re excited about the deeper insights our new functionalities will offer that help inform data-driven decisions and promote compliance in many industries including professional services, ministry, technology and software spaces, and more.” Now, SMB professional services firms and nonprofits in the U.S.

Technology 98

Technology Healthcare Hospitality accounting and finance 98

Withum

NOVEMBER 3, 2023

To this end, the Accounting Standards Update 2023-01 Leases (Topic 842): Common Control Arrangements offers valuable insights and guidelines for entities involved in such transactions. Contact Us For more information on this topic, please contact a member of Withum’s Assurance and Accounting Services Team.

accounting standards 124

accounting standards Account accountant accounted 124

Cherry Bekaert

NOVEMBER 9, 2023

In today’s digital operating landscape, service delivery has become increasingly reliant on advancing technologies and the interconnectivity of systems and information. Conducted by impartial third-party auditors, SOC reports involve a thorough examination of a service organization’s system and data controls.

audit 105

audit auditor accounting and finance Healthcare 105

Withum

APRIL 11, 2023

It is essential for organizations to prioritize fraud awareness and internal controls to minimize the risk of fraud. Unfortunately, smaller organizations are more susceptible to fraud schemes because they tend to operate in a more casual fashion, and as such do not have the same level of internal controls as their larger counterparts.

Real Estate 123

Real Estate Manufacturing audit CPA 123

Withum

MARCH 19, 2024

Withum’s approach involved working with the Labor Union’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls. The Challenge The client encountered multiple challenges with their internal controls. About t he Client A Labor Union.

payroll 52

payroll audit 52

Withum

MARCH 19, 2024

Withum’s approach involved working with the Labor Council’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls. The Challenge The client encountered multiple challenges with their internal controls. About t he Client Labor Union Council.

payroll 52

payroll audit 52

Withum

OCTOBER 11, 2023

Effectively Mitigate Risk With a Program/Control Assessment or Penetration Test Don’t leave it up to chance that your business’ critical applications, IT infrastructure and devices are resistant to compromise. This month receive 10% off our program/control assessment or pentest services.

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105

CPA Practice

APRIL 25, 2024

According to prosecutors, Brown pretended to be the owner of the company and created a fake account with a payment processing service linked to her personal bank account. This in turn funneled the money into her personal bank account, according to prosecutors. Brown was eventually confronted by a manager, according to prosecutors.

California 52

California Account accountant accounted 52

Withum

MARCH 18, 2024

Withum is excited to share that Lara Waldner , CPA, Team Leader of the Theatre and Entertainment Services Team, has been named on the Broadway Women’s Fund list of Women to Watch on Broadway. Broadway Women’s Fund praised Lara for her focus on GAAP-related issues, internal controls and digitization.

Entertainment 105

Entertainment New York audit CPA 105

CPA Practice

FEBRUARY 14, 2024

Global accounting and tax services firm Grant Thornton LLP has deployed a new tool to help its internal audit, compliance and other risk management professionals streamline their clients’ control design and assessment processes.

audit 52

audit tax services Technology Tax 52

CPA Practice

FEBRUARY 13, 2024

Global accounting and tax services firm Grant Thornton LLP has deployed a new tool to help its internal audit, compliance and other risk management professionals streamline their clients’ control design and assessment processes.

audit 52

audit tax services Technology Tax 52

Withum

FEBRUARY 20, 2024

intellectual property, impacting national security and decreasing the confidence in the security of products and services delivered to the DoD. To be awarded defense contracts, or be part of a prime contractor’s supply chain, organizations must meet control requirements as applicable to the contract. What Can I Do Now?

Government 78

Government Start-ups Technology 78

CPA Practice

MARCH 26, 2024

If the DOJ succeeds in its case, the implications for Apple’s business could be significant — potentially changing the ways the company charges app developers and customers for products and services. Apple has long argued that its business model of creating a tightly controlled ecosystem of software and hardware benefits its customers. “If

Gaming 116

Gaming Non-Profits Technology California 116

Cherry Bekaert

MAY 15, 2023

Demonstrate and Communicate the Effectiveness of Your Organization’s Controls Framework There is no doubt that digital transformation has changed the way businesses operate. Services delivery is reliant on technology and the interconnectivity of systems and data. Who Needs a SOC Report and What Are Its Advantages?

auditor 98

auditor public accounting payroll financial statements 98

Withum

SEPTEMBER 29, 2023

The leading causes of cyber incidents continue to be human error, weak authentication controls, unresolved vulnerabilities and over-permissive access. Establish strong authentication controls – Leverage multi-factor authentication where possible and put a strong password policy in place.

Education 124

Education Technology 124

AccountingDepartment

DECEMBER 21, 2023

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.

bookkeeping 88

bookkeeping Account accountant accounted 88

Cherry Bekaert

OCTOBER 10, 2023

On September 15, 2023, the Internal Revenue Service (IRS) released proposed changes to Form 6765, Credit for Increasing Research Activities, and requested feedback, which is due by October 31, 2023. Taxpayers and service providers will undoubtedly have comments on the form and content of the required information.

Tax 115

Tax Start-ups Sales 115

AccountingDepartment

SEPTEMBER 8, 2022

While a company's Chief Financial Officer (CFO) and its controller both oversee and manage accounting processes for an organization, their roles are very different. Understanding the differences is important when you're considering outsourcing accounting services.

management accounting 77

management accounting management accounts Account accountant 77

Basis 365

JUNE 1, 2023

However, a practical solution to avoid these pitfalls is to consider outsourcing their accounting needs to professionals who specialize in accounting services for marketing agencies. Mistake #4: Lack of Internal Controls Adequate internal controls are essential to prevent financial fraud and mismanagement.

Account 97

Account accountant accounted financial statements 97

GrowthForceBlog

MAY 13, 2023

5 min read Outsourced accounting, bookkeeping, and controller services have become a more common solution for small businesses today. The advantages, which once were only enjoyed by mid-market and enterprise companies, are becoming understood by smaller companies. Key Takeaways Why Do Companies Outsource?

Account 105

Account accountant accounted bookkeeping 105

Going Concern

OCTOBER 2, 2023

CPAB does not specify the findings, only the breaches of nine Canadian auditing standards, and the Canadian Standard on Quality Control 1 (CSQM 1), which is adapted from International Standards on Auditing. CAS 402, Audit Considerations Relating to an Entity using a Service Organization. million CDN (approx. million CDN (approx.

audit 105

audit public accounting CPA financial statements 105

CPA Practice

FEBRUARY 23, 2024

21 for “pervasive” quality control violations found in its audits of special-purpose acquisition companies (SPACs) in 2020 and 2021. The PCAOB will hold firms accountable for upholding quality control systems that protect investors.” Grant Thornton’s India arm and an Australian audit firm also received penalties from the PCAOB.

audit 69

audit auditor Tax accounting firms 69

Summit CPA

MARCH 21, 2024

However, being able to afford a CFO or a Financial Controller, or both, is one of the largest factors preventing businesses from hiring these vital finance roles.

accounting and finance 59

accounting and finance Finance Start-ups Account 59

CPA Practice

APRIL 15, 2024

Operation costs spike Controlling costs remains a priority for CFOs, with more than half (55%) of respondents identifying cost optimization as a top focus area. Companies are using this technology internally before deploying it in customer-facing processes, because it’s easier to control internally,” said Melville.

Real Estate 111

Real Estate Technology E-commerce Finance 111