Contributed by: James Moore.
Collecting and analyzing information about your manufacturing business’s production and practices can help you make strategic decisions swiftly. With data analytics, you can diagnose what’s happening on the floor in real time and predict future scenarios more accurately.
Over the last few years, there has been a significant influx of people coming to live and work in Ireland either on a secondment from a foreign employer on a temporary basis to work on a specific project in Ireland. Many individuals are Irish ex-pats returning to live in Ireland while they continue to work for their non-Irish employers.
Contributed by: Floyd Advisory.
The FY 2022 Financial Report of the United States Government (the “U.S. Financial Report” or “Financial Report”) is prepared by the United States Department of the Treasury (“Department of Treasury” or “Treasury”) and is audited by the United States Government Accountability Office (“GAO”).
From a financial reporting perspective, the Department of Treasury serves in a role similar to the management of a business enterprise that bears responsibility for its company’s financial statement assertions, whereas the GAO serves in a role similar to an independent certified public accounting firm that performs audit services and renders an opinion on such financial statements.
Floyd Advisory’s report provides useful insights into the information contained in the U.S. Financial Report and highlights their observations on the quality and completeness of the reporting by the Department of Treasury based on the expectations, standards, and financial reporting requirements of a U.S. publicly traded company.
Floyd Advisory also discusses certain matters that they believe warrant special attention for users of the Financial Report, notably the citizens of the United States, as they relate to the financial condition of the U.S. Government.
On May 22, 2023, the Family Foundation Act entered into force in Poland.
The Family Foundation can be an interesting investment vehicle not only for people living permanently in Poland, regardless of whether they have assets here or not.
Contributed by: KNM Management Advisory
Explore the ins and outs of job order costing in this comprehensive guide. Why is it important for businesses? How can it help organizations effectively manage costs? And what can we learn to make informed financial decisions?
Whether you are a business owner, manager, or aspiring professional in the field of finance, this article will provide you with valuable insights into job order costing and its practical implementation.
AI has begun to play a large part in the accounting industry, with some of the larger players in the market embracing it and heavily investing in it as an integral part of their standard service offering.
What impact could AI have on how we work in the future? Should AGN firms start to embrace AI now?
This publication contains mini case studies highlighting some of the most active AGN members regarding their international business revenues and referral volumes – as registered in the 2022 AGN Annual Return. What can we learn? How can other firms get a piece of the action? Do you have a contact at these firms? What’s your strategy to increase referral work?
Contributed by: RVKS and Associates.
As we enter a new financial year, zero-based budgeting can pave the way for well-designed policy changes.
Planning is an essential tool for all businesses to provide direction, increase efficiency, reduce risks to an acceptable level, and facilitate decision-making. Financial budgeting, especially, is a critical component of planning. As Peter Drucker put it, “What gets measured gets managed.”
Contributed by: Meaden & Moore.
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes its Report to the Nations, which highlights key fraud trends. New to the study in 2022 were statistics on the role cryptocurrency plays in fraud. Here are the details.
Contributed by: RVKS and Associates.
Reducing the ramifications of long-term risks by putting in place control mechanisms and covering investment risks through hedging are among key risk management strategies. In today’s volatile and dynamic world, risk becomes an unavoidable aspect of any business. It would never be possible to eliminate risk, but at best, its impact can be minimised.