The CPA designation is required to issue audited or reviewed financial statements.2 A CPA may advise on different forms of business organization (partnership,corporation,limited liability company, etc.) and the benefits and advantages of each in different situations. A CPA may choose to specialize i...
In some cases, a company's annual report and its yearly 10-K filing are the same document. Companies can choose to provide their form 10-K to shareholders, rather than creating a separate annual report. In these cases, there are no differences between the annual report and the 10-K;...
It is our Premium Supplier Members. To become a Gold Member, supplier members must submit their business licenses. 2. Audited Supplier In addition to business licenses, Audited Suppliers must be authenticated by leading inspection, verification, testing and certification compan...
Difference Between GAAS and GAAP By Edriaan Koening eHow Contributor To comply with accounting rules and regulations, a company has to prepare financial statements. These statements have to follow certain standards to prevent businesses from manipulating the numbers to make their finances appear ...
The test results prove that there is a significant effect between discretionary accruals to return stock in companies audited by KAP KAP Big4 and Non-Big4. But apparently the research finds that th...
When having financial statements compiled for a reviewed statement for the purposes of applying for a loan, bonding insurance or other insurance, it is recommended that a company use an outside CPA because an internal accountant may lack the objectivity and independence required to comply with...
The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method provides an immediate recognition of revenue and expenses, while the accrual method focuses on anticipated revenue and expenses. Key Takeaways Accrual accounti...