Thought Leadership

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What’s the Risk in Related-Party Transactions?

During an external financial audit, the auditors may particularly scrutinize related-party transactions. These transactions aren’t bad, necessarily, but they do raise concerns about the risk of misstatement or omission in financial reports. Back in 2014, the Public Company Accounting Oversight…

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Bogus Vendors May Be Costing Your Company a Bundle

Are you harboring fictitious vendors in your accounting system? These are vendors invented by an employee — usually someone with the authority to approve invoices — to embezzle from the company. Thieves fabricate invoices and deposit payments to the fictitious vendor in their own bank accounts.

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New Revenue Recognition Standard: Are You Ready?

Sweeping new revenue recognition requirements go into effect this year for private companies that follow U.S. generally accepted accounting principles (GAAP). However, many CFOs and controllers companies still have considerable work to do before they can comply. If you haven’t yet started…

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Spotting Financial Warning Signs for Nonprofits

Board members governing nonprofit organizations can’t miss signs of financial distress such as losing funding sources, defaulting on loans or leaving employees unpaid. Most of the time, though, such crises aren’t sudden; instead, there were subtle indicators that went unnoticed. By keeping an eye…

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Interactive Data Reporting Urged for All Public Companies

As the Securities and Exchange Commission (SEC) considers whether interactive data requirements for financial statements are too difficult or expensive for smaller public companies, investors and accounting professionals have warned against exempting those companies from the rules. These commenters…

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2019 Q2 Tax Deadlines Calendar

To help ensure you don’t miss any important Q2 deadlines, we’ve provided a summary of when various tax-related forms, payments and other actions are due. Contact us to find out how Weaver can help your company.

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2019 Lease Accounting Infographic

The following infographic explains the things you need to know when implementing the new FASB lease standard. It walks through the important questions to ask, traps you need to watch out for and some surprising examples of leases. 

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