Posts Tagged ‘Accounting’
Business Resolutions for a Profitable 2018
Statistics say that 80 percent of New Year’s resolutions fail by mid-February. Sure, personal goals can often be the most challenging of any objectives. But what about in the business world? Does the act of creating New Year’s objectives apply to companies? If you’re like the majority of business owners, you have likely begun strategizing…
Read More9 Common Valuation Mistakes to Avoid
Sitting down in a classroom and learning about business valuations is seemingly straightforward. Crunching the numbers on things like required rate of return and valuation ratios are relatively easy to ascertain. Understanding the intricacies and complexities associated with business valuations, however, is often misrepresented in school courses and textbooks. Even the most seasoned of valuation…
Read MoreTop 10 Things You Should Know About Divorce
Contrary to popular belief, the commonly repeated “fact” that half of all marriages in the United States end in divorce is only loosely true. In fact, divorce rates have actually slowed over the last couple of decades, giving reassuring hope to many who are down on the concept of marriage. While this is encouraging news,…
Read MoreFascinating Facts About Forensic Accounting
While the forensic accounting profession has technically been around since the early 1900s, the evolution of the industry has been drastically transformed in light of progress in the economy, society, and technology. This progression has opened the doors to the massive importance of forensic accounting investigations in all types of fraud today. From Ponzi schemes…
Read MoreTechnology Trends in the Accounting Industry
Technology has a way to infiltrating almost everything in today’s modern world. While sometimes frustrating, the truth is that companies who fail maintain a finger on the pulse of technology trends end up losing out in the long-run. The accounting industry, while always remaining true to its roots, inevitably falls into the same trap. Many…
Read MoreMaking Our Mark in Miami
Ellrich, Neal, Smith & Stohlman, P.A. opened our Miami office last summer and we are proud to announce that over the last year we have truly established ourselves in Florida’s most thriving city. Located in the heart of downtown Miami, our forensic accounting firm serves clientele from all walks of life. With Miami’s eclectic population,…
Read MoreFAU Launches Florida’s First Center for Forensic Accounting
It’s no secret that forensic accounting has become one of the fastest growing careers over the last several years. As an industry, forensic accounting has seen a burst due to a number of critical elements, underlining the fact that this increase in demand does not seem to be slowing down any time soon. A variety…
Read MoreThe Importance of Ethics in Accounting
Ethical issues surround almost every aspect of accounting, forensic accounting, and valuation engagement. The American Institute of Certified Public Accountants (AICPA) plays a critical role in outlining the rule-making and standard-setting for which all CPAs must adhere to. In doing so, AICPA commits to serving the public interest through a strict code of professional ethics.…
Read MoreTop 13 Reasons You Need a Forensic Accountant
Forensic accountants are required to maintain a specialized skill set of auditing expertise, education, and training. Combining accounting and analytical talents with financial proficiency and a strong moral compass, a forensic accountant plays a critical role in both litigation support and investigations. First and foremost, a forensic accountant must maintain relevant credentials. Through academic measures…
Read MoreFraud Detection in the Workplace
Fraud detection is becoming more and more important as the business world leans heavily on technology and an influx of data. In recent years, fraud attempts have increased dramatically, thus calling for a fraud detection system that is widespread, efficient, and effective in the workplace. Business owners, boards of directors, government leaders, management and many…
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