HK Business News

Artificial intelligence is a hot topic among business leaders. Should your company make a New Year’s resolution to evaluate AI’s potential to improve its financial reporting and planning?

Reconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting and fraud prevention.

Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the most (and least) profitable.

Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door to the debt and equity funds.

Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a successful deal.

What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials.

Management interviews provide important fact-finding opportunities when valuing a business. Beware: In litigation, skipping this step may compromise a valuator’s credibility and the quality of his or her opinion.

For businesses contemplating bankruptcy, a valuation can help management decide how to proceed. But these business valuations differ from those of healthy companies.

How much control does a business owner have? How readily can the business interest be converted to cash? These questions need to be addressed to determine the appropriate level of value in a business valuation.

What’s the average cost of a data breach? As average losses continue to rise, it’s important for companies to understand the scope of auditors’ responsibilities related to cybersecurity.

When drafting or updating a buy-sell agreement, it’s important to cover all the value-related bases. Missteps can prove costly, as a recent case demonstrates.

Transaction databases: Handle this information with care when valuing a business.