Archive for the 'Auditing' Category

The Whys of Hospital Bills

Wednesday, October 1st, 2008

Let’s assume that you have been admitted to the hospital or are being seen in the emergency room. Not much can happen till you are seen by a physician or a nurse practitioner or a physician’s assistant. Then you can get treatment for your malady.

Audit Firm Rotation as a Good Governance Practice for Non Profit Organizations

Saturday, March 29th, 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 [...]

What Is An Audit?

Thursday, March 27th, 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 [...]

Through A Microscope - Look Who’s Watching Now! (Part 3 of 3)

Wednesday, March 26th, 2008

This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the [...]

Through A Microscope - Look Who’s Watching Now! (Part 1 of 3)

Wednesday, March 26th, 2008

This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the [...]

Through A Microscope - Look Who’s Watching Now! (Part 2 of 3)

Wednesday, March 26th, 2008

This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the [...]