HK Business News

Has your accounting method kept up with your financial needs? It periodically makes sense to evaluate how you’re reporting financial results and, when necessary, revise your approach

Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists.

Auditors of public companies started reporting critical audit matters (CAMs) in their audit opinions in 2019. This represents a major change to the pass-fail auditors’ reports that had been in place for decades. CAMs relate to accounts or disclosures that are material to a company’s financial statements and involve especially difficult judgment from auditors. A recent post-implementation review of the CAM rules reveals that the average number of CAMs has declined over time. However, stakeholders find them beneficial. In fact, 80% of investors who read CAMs use them to identify key financial reporting risks, but many want more specific language for CAMs.

Should your organization outsource its accounting needs? Here are some potential advantages to consider.

How much are intangible assets worth in today’s volatile marketplace? Here’s how to find the answer.

Discounts for lack of marketability can have a major impact on the value of a business interest. Here’s a look at factors that business valuation professionals consider when quantifying this discount.

Solid expert testimony can make or break a case. So it’s critical to take steps to help ensure that your business valuator will withstand a Daubert challenge.

Do you know the difference between going concern value and liquidation value? The latter has relevance beyond bankruptcy cases.

Pricing multiples derived from objective market data can be powerful indicators of business value. The challenge lies in identifying meaningful comparable transactions.

Donating private business stock to a charity can help lower taxes. But you’ll need to act before year end to get a deduction for 2022. Here’s how to claim the tax break and help ensure it passes muster with the IRS.

Do you have business trips booked to visit your manufacturing company’s key clients? Reacquaint yourself with the business travel expense deduction rules.

Combining a subjective and objective employee performance review can be a win-win for your employees and your manufacturing company.