Do You have to Adopt the FASB Revenue and Lease Standards?
Posted by Julie Killian on June 11, 2019
Julie Killian
Do you provide monthly or quarterly financial statements to your bank or other stakeholders? Are those financial statements required to be prepared using US GAAP standards?
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Clayton & McKervey Promotes Three to Senior Manager
Posted by Clayton & McKervey on July 26, 2018
Clayton & McKervey announces that David Van Damme, Catherine (Katie) Faysal, and Ben Smith, all certified public accountants in the Assurance Department, have been promoted from Manager to Senior Manager.
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Employee Benefit Plan Implications of the Tax Cuts and Jobs Act
Posted by Katie Faysal on February 28, 2018
While the business and individual provisions of the Tax Cuts and Jobs Act (TCJA) are currently the focus of attention for many, those responsible for …
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Basics of an IRS Audit
Posted by Sue Tuson on February 2, 2018
When a taxpayer is notified by the IRS for a tax return audit, the first reaction may be panic or fear. Understanding the audit process …
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Revenue Recognition: Determining Transaction Price
Posted by Julie Killian on November 20, 2017
Over the past several months Clayton & McKervey has provided information about the new revenue recognition standard released by the Financial Accounting Standards Board (FASB); …
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Revenue Recognition – Step 1
Posted by Julie Killian on July 11, 2017
Over the past several months we have provided information about the new revenue recognition standard released by the Financial Accounting Standards Board (FASB); (Revenue …
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Who Needs an Employee Benefit Plan Audit?
Posted by Julie Killian and Catherine Faysal on June 21, 2017
Many companies sponsor employee benefit plans for their employees. Management may not be aware that certain plans require an audit to be completed by …
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Five-Step Revenue Recognition Implementation
Posted by Julie Killian on March 27, 2017
The accounting industry identified the need to form a single, unified, global revenue recognition strategy 15 years ago; announcing the final standard in May 2014.
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Local Auditors & Parent Company Auditors
Posted by Julie Killian on February 8, 2017
Group reporting is a specifically challenging process in today’s global business environment but should be on a short list of high priority tasks. In …
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Tips for a Good Year-End Inventory Observation
Posted by Julie Killian on October 5, 2016
As business processes become more complex, the balance between the efficiency and effectiveness of operational procedures becomes more critical to examine. With the calendar year-end …
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