Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year, independent accountants review a ...

As discussed in this article in CFO.com, establishment of controls and procedures for non-GAAP measures is especially important because they are—by definition—not standard, and controls and procedures ...

The Center for Audit Quailty has released a new publication offering considerations for audit committee members to help with oversight of non-GAAP measures. Processing Content The publication, ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...