![Financial statements tell investors information about an organization’s financial performance, helping to ensure corporate transparency and accountability.](https://www.hwcpa.com/wp-content/uploads/2023/09/Financial-Statement-Overview.jpg)
Financial Statements at a Glance
Financial statements tell investors information about an organization’s financial performance, helping to ensure corporate transparency and accountability. But they can...
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Five or More Employees?
This year, retirement plans will be required for California employers with five or more employees. The legislation passed in 2016...
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Are you ready for the upcoming audit season?
An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients...
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4 Ways to Improve the Effectiveness of Your Audit Committee
Audit committees faced many challenges in 2021. As the economy continues to navigate a global pandemic, there are new dimensions...
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FASB Offers a Practical Expedient for Private Companies that Issue Share-Based Awards
On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies to...
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Hit or Miss: Is Your Working Capital On-Target?
Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to...
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On-time Financial Reporting Is Vital in Times of Crisis
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury,...
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Real Estate Financial Reporting: GAAP vs. Income Tax Basis
Whether you’re forming a new real estate entity, or whether you’re considering refinancing an existing one, owners and managers of...