Clean PCAOB Report Reflects High Quality for Barnes Dennig

Barnes Dennig recently received a “clean” inspection report from the Public Company Accounting Oversight Board (PCAOB). This means the inspection of the firm’s SEC audit practice did not identify any audit performance issues or quality control defects (“clean report”). Barnes Dennig is the only firm headquartered in the area that

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Private Company GAAP Alternatives Finalized

The first two GAAP alternatives created by the Private Company Council (PCC) were released by FASB on Thursday, giving private companies new options for possible cost savings in their financial reporting. FASB released Accounting Standards Updates describing the alternatives. An alternative to amortize Goodwill over a period of 10 years

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Manage uncertainty, beware of fraud

The economic environment today is characterized by significant uncertainty – demand questions, pricing unease, regulatory uncertainty, monetary expansion, and concern about European debt defaults.  There is a record $4 trillion U.S. in circulation, and savings rates are historically high. Businesses are holding over $1 trillion in cash reserves and short

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