Orange County & San Diego CPA firm
With May being Mental Health Awareness Month, I am reminded of the importance of understanding mental health and how it relates to the working environment. Working from home during the pandemic opened a new view for many of how work gets done. As we emerge back into our (somewhat) regular routines, we are experiencing yet […]
Several years ago, a now-retired partner posed an interesting question when she first joined the firm. She asked – What is your superpower? Without hesitation, I answered “teaching, coaching, mentoring” as it has become clear to me throughout my public accounting career that being a successful auditor and business advisor required the ability to train […]
This May (May 29, 2022, to be exact) will mark my ten-year anniversary at Haskell & White, a Southern California CPA firm. With all the publicity surrounding “The Great Resignation”, and particularly its impact on the public accounting industry, I’d like to share my top – 10 reasons why I still love working here – […]
Spring is a time to clean out the cobwebs and make our home fresh again for many of us. But, what about our businesses? You might ask yourself if any aspects of your business need “spring cleaning”. While the first quarter of the year will be focused on compiling and presenting last year’s data, it […]
This year, retirement plans will be required for California employers with five or more employees. The legislation passed in 2016 required all employers with five or more employees to offer a retirement savings account. This law also applies to nonprofit organizations. 2022 brings the final implementation phase requiring organizations with 5-49 employees to comply by […]
Are you thinking about merging with or acquiring a business? CPA-prepared financial statements can provide valuable insight into historical financial results. But an independent quality of earnings (QOE) report can be another valuable tool in the due diligence process. It looks beyond the quantitative information provided by the seller’s financial statements. These reports can help […]
Forecasting how your company is likely to perform over the next year can be challenging, especially when it’s unclear where the markets are heading. But accurate forecasts are critical when managing a business. For example, they may be used to order inventory, hire additional workers, apply for loans and credit lines, and evaluate investment alternatives. […]
Auditing standards require external auditors to consider potential fraud risks by watching out for conditions that provide the opportunity to commit fraud. Unfortunately, conditions during the COVID-19 pandemic may have increased your company’s fraud risks. For example, more employees may be working remotely than ever before. And some workers may be experiencing personal financial distress […]
With the COVID-19 pandemic well into its second year and the start of planning for the upcoming audit season, you may have questions about how to evaluate your company’s going concern status. While some industries appear to have rebounded from the worst of the economic downturn, others continue to struggle with pandemic-related issues, such as […]
An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year. They’ll accept copies or client-prepared schedules for certain items, such as bank reconciliations and fixed asset ledgers. To verify other items, such as leases, invoices and bank statements, […]