This blog covers questions like: How much does fraud cost? Which schemes are most common? How can we fight fraud? How should victims handle allegations?
Spotlight on fraud in the manufacturing industry
Category: Audit and Assurance
LIFO Method: What is LIFO?
The LIFO method, Last-In, First-Out, is used by U.S. companies with IRS approval to value inventory and has been a part of U.S. tax law for over 80 years.
Lean Inventory Management Basics for Manufacturing Companies
Lean manufacturing is a continuous improvement process that relies on everyone in the organization to identify opportunities to enhance efficiency. This article covers five smart ways to keep your inventory lean without compromising revenue and customer service.
Are You Ready for the New GASB Pronouncements?
The June 30th fiscal year end is quickly approaching for… Read more »
Beyond Tax and Audit: Five Areas to Focus on at the Beginning of the Year
January brings a time of new beginnings and a focus… Read more »
Cycle Counting Benefits and Implementation
Cycle counting is a process that replaces comprehensive annual inventories with smaller counts conducted on a continuous basis. In this article learn how investing in a cycle counting inventory system now can create savings for your business in the long run.
3 Steps to Fulfill Retirement Plan Responsibilities
As a benefit plan auditor for over 10 years, I… Read more »
Webinar: Retirement Plan Financial Statements
Retirement plan financial statements contain a wealth of information about… Read more »
Five Internal Controls that Prevent Fraud in Construction Companies
The Construction industry is known for having a long history… Read more »
Lease Accounting: Simplifying the discount rate debacle
Discount rates need to be captured when implementing the new lease accounting standard. The guidance for non-public companies is more lenient than that for public companies but requires significant consideration as the date approaches.