pro-accounting

Understanding an Auditor’s Responsibility Under ISA 240 Regarding Fraud

Learn your responsibilities if your client asks you to perform a financial statement audit. Discover what your role as an auditor is regarding fraud within financial statements under International Standards on Auditing 240. This includes what to do if you find fraud, how to communicate it, and what to document.

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accounting-news

Creating Higher Quality External Financial Statement Disclosures

Learn a few ways to make your client's financial statement note disclosures more valuable to readers. This includes thinking about your client's industry, being concise, opting for voluntary disclosures, and being more open on how your client determined their estimates or areas requiring professional judgement.

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pro-taxes

How to Calculate Nonperishable Retail Inventory Holding Costs

Discover how to calculate your client's carrying cost to hold inventory. This includes the expenses to physically secure the goods, what it takes to get the goods delivered to your client's location, and what sort of noncash accounting expenses you might end up having to record to adjust the inventory's balance.

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pro-taxes

How to Respond as an Auditor When You Suspect Fraud in Financial Statements

Learn what international auditing standards have to say about what to do when you encounter fraud. This includes how to interact with your client and how to change your approach to the audit, and under which circumstances it'd be best for you to entirely withdraw from the audit engagement.

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accounting-news

Save Money and Energy With the Newfoundland and Labrador Low-Interest Loan Program

Help your clients secure a low-interest loan through the Energy Efficiency Loan Program through Newfoundland and Labrador by learning the loan requirements. If your client is looking to do work on their home insulation or heat pump, or just wants a home energy assessment, they could get a loan up to $10,000 at 4.95%.

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pro-accounting

Accounting Tip: Nova Scotia Offers a First-Time Home Buyers Rebate on Newly Constructed Homes

Help your clients land the First-Time Home Buyers Rebate if they've purchased or moved into a newly constructed home. Learn what types of homes are eligible, how much of a rebate your client can get, how to calculate their rebate, and how long they have to claim the rebate until it expires.

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accounting-news

Claim Yukon’s New Manufacturing and Processing Profits Tax Credit

Learn how to help your Yukon manufacturing and processing clients claim an additional tax credit. This includes how to calculate the amount of the credit, how to claim it on their corporate income tax return, and what your clients need to know about the rate changes effective as of July 1, 2017.

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pro-accountant-tech

Increase Management Efficiency With Internal Audit Apps

Encourage your client to improve its operational efficiency and minimize its overall risk profile by using internal audit applications. Examples include MetricStream, TeamMates, and Enablon. Discover how each company has options to help your clients in different ways, such as monitoring environmental compliance.

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