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Auditing Articles
Jul 2nd 2008
You might be under the false impression that because someone owns a medical practice they are very wealthy It might be true but just as easily it might not If a physician isn't making the kind of money he should it might be because he doesn't have the skills necessary to take care of the business side of his business A physician who recognizes this weakness will use the services of a medical billing company...read more Jun 16th 2008
Just when you thought Sarbanes Oxley concerns had been sufficiently addressed so that non-public companies could take the issue off their dashboard things have changed says Gary W Patterson Enterprise Risk Management expert and speaker He forewarns that Enterprise Risk Management also referred to as ERM will soon become a business issue for almost every business on the planet including family-owned businesses private companies and nonprofits This is a strategy shift for many of these...read more Mar 26th 2008
The following item was reported in a recent American Institute of Certified Public Accountants communication The Exempt Organizations Division of the IRS had posted on the IRS web site a controversial document setting forth the Service's view on what constitutes good governance practices for tax-exempt entities Included in the document was the suggestion that audit firms be rotated on a regular basis with five years as the suggested term The Institute protested the inclusion of...read more Jan 3rd 2008
When you own your own business it is important to enlist the help of an accountant in order to provide audit services This is because it provides documentation that you are dealing with the financial aspect of your business in the correct way and can be used as evidence if any issues arise Some people don't even know what audit services so they don't bother using them However once you understand it is very easy...read more
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