HK Business News

What types of information and procedures do auditors use to verify account balances and transactions? Anticipating document requests and inquiries can help make your next audit more efficient.

Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!

A picture is worth 1,000 words … or numbers. Here’s how graphs, charts and other visuals can make your financial data more digestible to financial statement users.

Are you looking for someone to manage the books and records for your small business? Whether you’re operating a startup or an established business that recently lost its bookkeeper, hiring the right person for these tasks can be challenging. Selecting […]

Five accounting rule changes go into effect for certain entities this year. Which ones are relevant to your organization?

What software does your organization use for its accounting needs? Here are answers to frequently asked questions about one of the most popular options: QuickBooks.

The project to merge U.S. and international accounting rules hasn’t completely been abandoned. Here’s how global accounting rule makers are continuing to collaborate to make worldwide capital markets more efficient.

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.