If you continually monitor your company’s inventory for obsolescence, it can eliminate the need to write down the cost of a large volume of inventory all at once, which might mean a massive charge against income.
It can be difficult to truly measure the value of a robust internal audit function. For instance, though upstream and midstream energy companies often employ fewer people and use less sophisticated administration practices than like-sized companies in other industries, savvy executives in small…
As an executive or business owner, you well know the potential impact of federal taxes on your company’s profitability, not to mention your individual income. Critically understanding this impact allows you to plan accordingly to maximize your strategy and minimize any potential negative impact…
You’re excused if you weren’t jumping for joy over the AICPA’s initiated auditing standards and controls for service organizations. A decade of new internal controls and financial reporting requirements already increased costs while offering menial benefits.
A federal review of the foreclosure management programs of 14 federally regulated mortgage services exposed critical weaknesses in a number of procedural areas.
Cloud computing eliminates costs associated with maintaining an entire IT network in-house. It can reduce the time that managers and executives commit to everyday IT concerns, allowing them to apply more resources and organizational focus toward the company’s overall strategy.