Small businesses hold a wide variety of assets, which make up a large portion of a new company's balance sheet. During an audit, the audit team is required to verify management's assertion that these ...

Editor’s note: The information contained in this article is specific to the auditing and assurance landscape on or about the date it was authored, including references to Generally Accepted Auditing ...

The sales and collections cycle in a business refers to the set of processes that begin when a customer purchases goods or services and ends when your business receives payment in full. As part of the ...

Editor’s note: This is the second article in a series of articles about application of the group audits standard. For the first article in the series, see “The Scoop on Group Audits: You May Have Them ...

A/R is the average number of days an ASC takes to collect payments on services performed. According to a Becker’s ASC Review report, citing VMG Health data, the average days in A/R for ASCs is 32. If ...

The system implemented accounting reforms to avoid overestimating its revenue moving forward. Edward-Elmhurst Health, an integrated system based in Naperville, Illinois, went public this week with ...