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Audit

Armanino’s Audit Services Team is committed to adding value to your organization. Our client service model focuses on a quick response times and efficient audit services. As a CPA firm Armanino provides audit services to small to mid-cap companies and our structure allows for more competitive fees than Big 4 and national CPAs without sacrificing quality.

Why Us

As the regulations that affect financial reporting grow increasingly stringent, the spotlight on credible auditing has never been greater. At the same time, the growing sophistication of audit techniques can add significant value to an organization by improving access to capital, reassuring stakeholders, and providing meaningful comparisons to other companies in your industry.

Our client service model focuses on the following:

Speed and Efficiency

Our deep familiarity with complex organizations in general, and with your industry in particular, gives us the skills necessary to conduct audits quickly and cost-effectively, with minimal disruption to your operations. Our staff is specifically trained in the issues and business processes of your industry — they know what to look for and how to go about it with no wasted motion.

Hands-On Approach

Our partners and managers work on-site, taking a proactive approach to streamlining your audit and resolving any issues that arise. At every level of your organization, our people are equipped with robust tools and technologies to ensure a thorough and efficient audit process.

Competitive Pricing

Our evolved service model combines highly-trained staff, sophisticated methodologies, and the latest technology to offer audit services at fees that are highly competitive when compared to our Big 4 and national counterparts — with no sacrifice in resources, service, or quality.

Specialized Audit Services

Beyond traditional audits we offer a full range of audit services to address specific needs. Our Review team can analyze your financial statements to satisfy regulatory or other requirements. Our SOC Audit Compliance program can provide all three types of Service Organization Control reports to satisfy existing standards for outsourced processes. And our Benefit Plan Audit team provides comprehensive services for employee benefits plans of all kinds. We also have a dedicated public company practice that is thoroughly trained in addressing SEC audit and compliance needs.

Global Capabilities

Even if you have operations outside the U.S., we can provide efficient auditing services that meet international standards. We are an independent member firm of Moore Stephens, a worldwide organization of over 330 accounting and consulting firms in over 90 countries. Through Moore Stephens, we can provide access to the top independent accounting firm in each of your key markets. But we don’t just introduce you — we coordinate the audits with other member firms, to make sure you get the service you need across all your operations, both at home and abroad.

Services

Agreed-Upon Procedures

Agreed-Upon Procedures

Our agreed-upon procedures engagements require us to work closely with you to understand your business and meet specific needs during a significant transactions (i.e., a merger or acquisition) or other event. Our reports remain restricted to the appropriate parties, and adhere to requirements of the AICPA’s Statement on Standards for Attestation Engagements (SSAE).

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Benefit Plans

Benefit Plans

Armanino's team of Employee Benefit Plan experts can perform timely and competitively-priced services to your benefit plans. Our expertise stays sharp through our large library of employee benefit plan resources and from regular attendance at various seminars.

We work with a wide range of clients, from medium-sized businesses to publicly-traded companies. Your plan will benefit from our network of pension-related services groups, including pension administrators, attorneys and asset managers.

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Financial Statement Audit

Financial Statement Audit

Armanino is equipped with the resources and expertise to deliver your financial statement audit at a reasonable fee. We have a team of professionals with the experience and knowledge to solve the issues facing today’s companies. We feel our firm is unique as our audit approach is designed to avoid disruption to your normal day-to-day operations. We provide experienced personnel and deploy managers on-site for the majority of the audit to ensure a timely and effective engagement.  In fact, our policy of using managers and partners to lead our engagement teams is a major factor in our clients' satisfaction with our work and a differentiating factor for our firm.

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Internal Auditing

Internal Auditing

We regularly assist our clients in setting up internal audit functions — both financial and operational. Our financial auditing skills have proven invaluable to companies seeking greater controls and efficiencies through the internal audit function. Our operational audits — whose objectives may be driven by regulatory forces, the need for innovation, or transformational issues — can be designed and run as a complement to your own internal resources.

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Reviews & Compilations

Reviews & Compilations

A review of your business's financial statements, while not as in-depth as an audit, allows you to satisfy regulatory or other requirements and provides you with useful information.

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SEC

SEC

In addition to serving our private company client base, we have a dedicated public company audit services practice. With professionals with 10+ years of Big 4 experience serving multi-million and billion dollar SEC companies and audit committees, we understand your SEC audit and compliance needs. Team members' experience includes registration and compliance statements such as IPOs and secondary offerings, from 10-Ks, 10-Qs, SOX 404, and more. We are registered with the PCAOB.

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Service Organization Control (SOC) Audit

Service Organization Control (SOC) Audit

Auditors, management and customers/users continue to strictly evaluate the service delivery processes and controls of service organizations through SOC reporting. These reports are prepared in accordance with Statement on Standards for Attestation Engagements (SSAE) No. 16, and help organizations provide assurance over a range of general and industry-specific concerns. At Armanino, we tailor our SOC reporting by understanding the industry-specific assurance needs of our clients, their customers and management. 

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Industries


Consumer Goods & Wholesale

Consumer Goods & Wholesale

Consumers today demand more value, better service and greater convenience, and retailers must adapt their services to meet continually-evolving consumer needs. Armanino has a team of professionals that deliver clearly articulated and actable business advice that enables businesses to increase their value.

Food & Beverage

Food & Beverage

Armanino has put a team of professionals in place that deliver clearly articulated and actable business advice that enables businesses like yours to increase their value. We offer industry-specific advice through a team of audit, tax and consulting professionals that are well-positioned to assist in managing the challenges that are specific to the food and consumer business industry. Our expertise in audit, tax and consulting services allows us to understand the key issues and industry trends that impact our food and consumer business clients. We have brought together today’s leading business experts who have many years of industry related experience and pay close attention to the areas that affect your business.

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Healthcare

Healthcare

Armanino has the industry expertise to serve healthcare organizations with maximum efficiency. We have deep experience across a range of specialized areas, such as feasibility studies, IBNR calculations, Medicare/Medi-Cal, accounting for refundable fees, valuation of receivables and analysis of third-party reimbursements, including assessment of third-party liabilities.

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Insurance

Insurance

Our audit specialists understand the complexities of the insurance industry. We provide expertise on issues such as Model Audit Rule Section 16 compliance and OMB A-133, SAP, pension plan, claim, GAAP and SSAE 16 audits.

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Manufacturing

Manufacturing

Manufacturers today need to stay lean and agile, without neglecting product innovation. With decades of industry experience, Armanino has the expertise to help manufacturing and distribution companies maximize their efficiency and build their profits.

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Mortgage Pools

Mortgage Pools

With decades of experience, our staff is trained with specific industry knowledge for a complete awareness of industry issues, including loan loss reserve analysis, loan refinancing vs. restructuring, accounting for real estate owned, held for sale and held for use, sales of real estate and the myriad of fair value issues facing mortgage pool managers today. Having financials audited or reviewed by a quality firm is helpful in maintaining confidence of investors. 

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Nonprofit

Nonprofit

Armanino’s base of clientele includes 450 nonprofit organizations with revenues ranging from $1M to $100M, and assets ranging up to $500M.  We have extensive experience in multiple nonprofit arenas including nonprofit GAAP, functional cost allocations, revenue recognition issues, alternative investments and the interpretation of regulatory provisions. We have a depth of nonprofit expertise and resources, including 105 professionals dedicated to the nonprofit niche sector. 

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Private Schools

Private Schools

Armanino is different from other accounting firms. Not only do we provide the best service at competitive rates, but we also add value to your school by providing a snapshot benchmarking analysis versus a customized group of select private schools that allows you to see how your school stacks up against the best run private schools in Country  This analysis, coupled with our decades of private school experience, provides some very unique and helpful financial metric analytics that will enlighten your school in areas it may not have otherwise considered or evaluated.

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Professional Services

Professional Services

Armanino helps a wide range of service businesses satisfy their clients’ evolving needs, operate more efficiently and build long-term strategies for success.

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Real Estate

Real Estate

We have the deep experience to address these challenges and help real estate and construction companies streamline their operations, maximize their opportunities and minimize their risks in a cyclical marketplace.

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Solid Waste

Solid Waste

Our dedicated "Waste Team" can organize an efficient and cost-effective audit or review, ensuring financial statements display accurate and meaningful results. We provide analyses and projections of revenues and expenses, based on current and expected economic conditions. We provide confidential independent route audits of existing routes, identifying unbilled and erroneously-billed services. We also assist in the preparation of rate applications and assess profitability levels so our clients can better negotiate with regulators and city officials.

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Technology

Technology

Our technology practice has the size and strength to deliver the audit services you need with the focused time and attention you deserve. We spend thousands of hours each year assisting private and public technology companies with all of the tools required by their CFO organizations. Our references include some of the largest tech companies in Silicon Valley as well as venture-backed growth companies. Our specialized services for technology companies include equity compensation accounting, revenue recognition, R&D credit services and IPO readiness.

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Events

Webinar 12/11

Quarterly Update for Intacct

Latest Intacct release offers new features and functionalities Learn about the new features and functionalities avai ...
Webinar 12/17

Microsoft Dynamics GP Monthly Update - Tips & Tricks

Armanino's Gold Certified ERP consultants will share tips and tricks for making the most of your Microsoft Dynamics GP s ...
Webinar 12/18

Business Continuity Planning - Taking Care of Business ...

In this complimentary webinar, we will provide an overview of how businesses can best prepare to recover from disasters. ...

Resources

sec-audit-cta-armanino

What’s your fee-to-value ratio? Consistently, we find public companies are overpaying for their national and Big 4 auditors, but receiving lower-quality aud ...

SSARS 21 Accounting Update - Armanino

AICPA has issued SSARS No. 21, which will help differentiate between when an accountant performs a compilation, engagement or prepares financial statements.

nonprofit-reporting-armanino

Ensuring your board understands your finances isn’t a luxury. It’s an imperative—not just for the individual board member but also for the ...

crowdfunding-armanino

The law was seen as a game-changer for startups, but things haven’t quite gone according to plan.

XBRL Advice for Non-Accelerated Filers

XBRL, a financial reporting format the Securities and Exchange Commission started enforcing for large companies two years ago, is now due to be implemented for the remainder of public companies.
should-your-nonprofit-cash-in-on-cryptocurrency-armanino

A fascinating fad … or the next evolution of nonprofit fundraising?

rev-rec-rules-armanino

Long-awaited FASB, IASB guidance significantly changes revenue recognition in financial statements.

FASB Revises Reporting Requirements for Discontinued Operations

The Financial Accounting Standards Board (FASB) has issued guidance that lays out new rules for financial reporting on discontinued operations.
omb-issues-armanino
The Office of Management and Budget (OMB) finalized and released comprehensive new federal grant reform guidelines on December 26, 2013.

The Value of Benchmarking for Nonprofits

On March 26, Armanino hosted a roundtable “Key Reporting and Benchmarking Best Practices for Nonprofits” for top-tier CFOs from the Bay Area’s larger nonprofit organizations.

FASB Provides Private Company VIE Alternative for Leases

FASB has issued new guidance that permits private companies following GAAP to, in some circumstances, elect not to consolidate the financial reporting from variable interest entities that lease propert ...

FASB Provides Alternatives for Companies on Accounting Principles

FASB has issued two updates to Generally Accepted Accounting Principles that are intended to reduce the cost and complexity of preparing financial statements for private companies.

FASB, PCC Finalize Framework for Private Company GAAP Exceptions

FASB and the Private Company Council released new guidance that will steer their decisions related to reducing the complexity and costs of preparing financial statements for private companies that follow GAAP.

Nonprofits: Preparing for FASB Financial Reporting Changes

A recent survey ranked streamlining financial statements as the most important task on the Financial Standards Accounting Board’s (FASB) agenda over the next three-to-five years.

Nonprofits: Seeing Your Way Through Transparency

Since the IRS revised Form 990 more than five years ago to require additional disclosures, transparency has taken center stage with nonprofits.

5 Simple Steps to a Better Nonprofit Budget

Preparing your nonprofit’s annual budget is probably one of the least appealing parts of your job. Following these five simple steps can help make the process a little less painful.
 

Safety Net Essentials: Now More Than Ever, You Need Operating Reserves

Many nonprofits lack sufficient operating reserves to cover three months of expenses—the minimum level many experts consider necessary to maintain financial stability. 

Going for the Gold: Apply Solid Grant-Writing Techniques to Your Quest

Competition for grants is high. So, if your nonprofit is to become a grant recipient, your proposal will need to shine.

Investing the Other 95%

You’ve met the 5% Minimum Distribution Requirement. Now, what do you do with the other 95%?

Nonprofits: Make Your Mark by Benchmarking

Nonprofits that incorporate financial benchmarks into their operations are better at anticipating negative financial trends and may even see revenues climb, expenses drop and efficiencies improve.

Internal Controls: Make Your List and Check It Twice

Nonprofits that don’t exercise constant vigilance in adhering to internal controls open the door for fraud.

Non-GAAP Businesses Get New Option for Financial Reporting

The AICPA announced a new option for small business financial reporting, which is intended to ease reporting for smaller, privately held, owner-managed businesses that aren’t required to abide by GAAP.

Internal Controls Fight Technology-Related Fraud for Nonprofits

The ability to accept and make online payments and maintain databases with detailed profiles of constituents offers obvious benefits to nonprofits, but it may also be subject to fraud attempts that can dodge your traditi ...

FASB Clarifies Disclosure Requirements for Offsetting

The Financial Accounting Standards Board (FASB) recently issued guidance clarifying which types of transactions will be subject to enhanced disclosure requirements for companies that offset assets and liabilities on thei ...

FASB Exempts Private Companies from a Fair Value Measurement Disclosure

The Financial Accounting Standards Board (FASB) recently issued guidance clarifying the applicability to nonpublic entities of a certain disclosure requirement regarding the fair value of assets and liabilities.

The CFOs 5 Step Guide to IPO Execution

The CFO needs to assess all of the different areas that need to be improved—and sometimes there are some large holes—in order to ensure they are prepared to tackle this major change in their business.
relocating-your-operations-armanino
Manufacturers are increasingly involving senior financial executives and outside financial advisors in their site-selection and relocation plans.

Checklist for an Effective Non-Profit Audit Committee

Unless you’re a small nonprofit with no outside audit, it’s likely that your organization has an audit committee.

As Easy as 1, 2, 3: M&A Goes Smoother with a Financial Expert on Your Side

Mergers and acquisitions (M&A) transactions can be daunting endeavors for both buyers and sellers.

When is Non-Profit Income Taxable?

Your 501(c)(3) organization generally is required to pay tax on income that isn’t related to its main purpose — even if that income keeps the not-for-profit afloat.
jobs-act-armanino
On April 5 this year, President Obama signed the JOBS Act into law. The legislation designed to give a new designation of emerging growth companies an easi ...

Is Your Practice at Risk?: How to Identify Areas Susceptible to Error or Negligence

Many practices are allowing revenue to fly out the window at alarming rates simply because their billing and coding processes aren’t up to snuff.

Are Your Clients Prepared to Handle a Fraud Disaster?

Disaster contingency plans enable businesses to protect employees, minimize losses, and get up and running again as quickly as possible.

Nonprofits: Impressing Your “Suitors” With Financial Information

Attracting funding organizations and large individual contributors to your nonprofit is a little like finding a spouse — you want to create the best impression in the hope that the other person will find yo ...

Does Your Board “Get” Your Financials?

For nonprofit executives and board members, accurate, relevant and timely financial information is key to making good decisions.

Combine Lean Logistics with Six Sigma Methodology to Achieve Goals

A successful distributor must be able to reduce overall costs and cut its time to market, all while improving the quality of its delivery.

Audit Your Licensees to Collect Royalty Payments

Electronics manufacturers know that the velocity with which products move from development to market is a determining competitive and success factor.

CFOs Can and Should Lead Innovation Revolution

Do CFOs see themselves as innovators? They should according to Tapan Munroe, a veteran economist, prolific author and thought leader on innovation. Munroe, who served as chief economist at Pacific Gas & Electric C ...

Storytelling: A Fundamental Skill of Business Leaders

Imagine you're CFO of a startup on the hunt for funding and one day you get into an elevator, the doors shut, and you realize you're alone with the head of a well-known venture capital firm. You have maybe 40 seconds ...

7 Steps for Reducing Revenue Loss

The way that a hospital manages its revenue cycle can mean the difference between a positive or negative bottom line.

crowdfunding-armanino

On April 5, 2012 President Obama signed into law the JOBS Act.  This legislation is one of the most dramatic laws to affect the star ...

10-capital-financing-strategies-armanino

The capital financing environment for hospitals has become quite volatile and unpredictable. Hospitals and health systems have had to con ...

Employee Theft: Don’t Take Chances With Your Practice

At a time when reimbursement rates are being squeezed, what you don’t need is someone surreptitiously removing money from your practice.

transfer-pricing-armanino

Before you sell equipment or patent rights to a company affiliate, think twice about the price. With revenue-hungry governments worldwide ...

Financial Accounting Foundation Sets the Stage for Private Company GAAP

On May 23, after considering numerous public comments, the Financial Accounting Foundation (FAF) approved the creation of the Private Company Council (PCC).

Now is the Time to Evaluate Your Risk of Material Misstatement

It can be challenging to stay informed about business regulations and laws, regulations constantly evolve…and so must your business.

Standard Change: FASB and IASB to Issue New Approach to Lease Accounting

Up until now, accounting for heavy industrial equipment and shipping containers to office copiers and office space has been fairly straight forward but that is changing.

Is your Nonprofit Vulnerable to Fraud?

Recently, an Idaho woman was sentenced to prison for embezzling $1.3 million from the nonprofit drug and alcohol treatment organization where she had worked as a bookkeeper.

Nonprofit Operating Reserves: Checking Your Safety Net

During the last recession many nonprofits turned to their operating reserves to keep from going under. As your nonprofit prepares for those inevitable hard times in the future, you need to be clear about which — ...

Ease on Down the Road: 5 Tips for Making your Nonprofit Audit Less Stressful

Do you bite your nails before your nonprofit's external audit each year? Here are five tips for making the audit experience run more smoothly for you and your auditors.

Revenue Recognition Overhaul Nears Final Phase

Companies will see significant changes in codes and disclosure rules due to a joint project that will replace the huge body of existing revenue recognition standards with a new single model.

Back to the Future: Rely on Financial Statements to Make Decisions for the Future

Is your organization analyzing the RIGHT timely data to make business decisions and plan for the organization’s future?

Brace Yourself for the Next Wave of Practice Consolidation

In the health care reform law, downward pressure on physician reimbursements and the need for capital are all driving an anticipated next wave of physician practice consolidation.

powering-down-armanino

For individuals, finding ways to reduce energy consumption is usually a choice — resulting from a decision to be more environmental ...

Down for the Count: Detecting Inventory Fraud

Like any type of employee scam, inventory fraud can lead to losses that can go undetected for long stretches of time.

Shining for Your Board

Are you a value creator or a score keeper? Okay, maybe both, but CFOs have indicated through our annual benchmark study that they’d like to spend much more of their time creating value. They also indicated they&rsq ...

The Physics of Fraud

Quantum mechanics teach us that appearances are deceiving. What appears solid at human scale can look very unstable under a powerful microscope.

Nonprofit Organizations More Susceptible to Fraud for a Variety of Reasons

Got an employee who never takes a vacation? Does your controller always bring you invoices to sign at the end of the day on Fridays as you’re preparing to leave? Are your financial statements and bank reconciliatio ...

“Fair Value” in a Troubled Economy

There’s no question that the struggling economy has had a negative impact on the value of many businesses and investments. But it also influences the business valuation process itself.

Are Your Prices Right? Reassessing Your Pricing Strategy Can Pay Dividends

Layoffs, hiring freezes, and pay and budget cuts were the go-to survival tactics during the economic downturn. In the midst of this downsizing frenzy, many manufacturers neglected to reassess their pricing strategy. < ...

Will Private Companies Get Their Own GAAP?

The Financial Accounting Foundation (FAF) — parent organization to the Financial Accounting Standards Board (FASB) — will soon decide whether to adopt recommendations made earlier this year by a blue-ribbo ...

Reverse Audits Ensure Appropriate Sales & Use Tax Exemptions

In an economy where there’s no room for unnecessary expenditures or costly mistakes, many manufacturers are turning to the reverse audit to make sure they haven’t overpaid sales and use taxes.

A Lean Manufacturing Environment Benefit from Lean Accounting Practices

Lean manufacturing is nothing new — many manufacturers adopted this business model during the last decade. But did you know that lean accounting is crucial to operating in a lean manufacturing environment?

Challenges Facing 403b Plans

The implementation of the 403b audit requirement placed a new focus on compliance, requiring all ERISA–covered plans with 100 or more eligible participants at the beginning of the plan year which file a for ...

Technology CFOs Look at how to Get the Deal Done

Deal volume in the U.S. M&A market continues to rise in 2011 with across the board volume up 16.4% through May on a rolling 12-month basis. Similarly, aggregate M&A spending was $91.2 billion in May, the secon ...

Use Available Weapons to Fortify Your Manufacturing Company Against Fraud

While you were busy stemming the tide of customer defections and budgeting for rising raw material prices, another revenue-sapping issue has been growing increasingly problematic: fraud.

Get IT Right Regardless of Economic Conditions

While some cost-cutting measures may be essential in a weak economy, slashing information technology (IT) budgets and expenditures isn’t the way to stay afloat.

Can Your Company Survive a Product Recall?

Recalls — and particularly the mishandling of them — can cost manufacturers millions of dollars.

Government Provides Incentives for Electronic Health Records

The Medicare and Medicaid EHR Incentive Programs provide incentive payments to eligible professionals, eligible hospitals and critical access hospitals (CAHs) as they adopt, implement, upgrade or demonstrate meaningfu ...

FASB Issues New Standards for Fair Value Measurement and Disclosures

In conjunction with the International Accounting Standards Board (IASB), the Financial Accounting Standards Board (FASB) on May 12 issued new standards for public and private companies on fair value (FV) measurement a ...

Evaluating Charities – a Grantmaker’s Perspective

Donations are the life blood of many charities. Financial data can be a valuable tool for charities that are trying to demonstrate the effectiveness of their organization or for grantmakers who are deciding where to give ...

Royalty Audits Can Recover Revenue and Protect Property

Whether its software, technology, music, or manufacturing designs, when a company licenses its intellectual property, it obviously expects to be paid. Unfortunately, payment doesn’t always happen on auto-pilot. ...

The Return of a Stable Economy Could Pose New Business Risks

The markets are up. Companies are hiring again. And while it’s good news that earnings and profitability are up, for many companies there are still headwinds and concerns in the marketplace. One of those concern ...

Mergers & Acquisitions: A Strategy for Nonprofit Survival?

Nonprofit organizations (NPOs) are competing for a smaller number of government grants during the economic recession significantly impacting and restricting not only the industry’s ability to expand services but ...

Changes to the SAS 70 Landscape

The American Institute of CPAs (AICPA) recently issued the new controls auditing standards that build on and replace the almost twenty-year-old SAS 70 standards and will affect reports issued after June 15, 2011.

SaaS: Should You Defer Setup, Install and Configuration Fees?

One of the new revenue recognition rules, ASU 2009-13 (ASC 605-25), effective for revenue arrangements in fiscal years beginning on or after June 15, 2010, is changing the rules of the game for companies selling bundled ...

IFRS conversion: The early bird catches the most benefits

What to know about the conversion to IFRS and benefits of converting early

The question today is no longer if  IFRS will replace U.S. GAAP, but when it will happen — and a ...

Contract Audits Can Add Pure Profit to the Bottom Line

Some companies have recovered as much as a 16% increase to their bottom line when having contract audits performed.

The Private Mortgage Lending Industry - A CPA's Perspective

High quality loan opportunities now available for mortgage pool lenders

The health of real estate lending has been a closely-watched concern in 2008 as the residential subprime mortgage market collapsed.&nbs ...

IRS to Increase Investigations of Nonprofit Hospitals and Other Exempt Orgs.

Federal tax authorities in February 2010 launched an initiative to expand its scrutiny of the employment tax practices of nonprofit hospitals and other tax-exempt organizations, and Armanino experts say the initiative ...

FASB Reworks Subsequent Events Guidance

On February 24, 2010, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2010-09, Subsequent Events — Amendments to Certain Recognition and Disclosure Requirements. The ASU ...

FASB to Change Accounting for Leases

The lease accounting rules are likely to significantly change in the coming years. Current lease accounting standards have come under criticism for not meeting the needs of users of financial statements.

FASB Implements the New Codification of Accounting Standards

Your company’s financial statements are being held to a new standard, and it’s a standard that you may not know about. The landmark change has received little fanfare but is critical for companies as they ...

Model Audit Rules Revised for Insurance Industry

SOX-inspired regulations now making their way to the insurance industry.

Measuring Liabilities at Fair Value

On Aug. 27, 2009, the FASB issued Accounting Standards Update No. 2009-05, Measuring Liabilities at Fair Value. The ASU reports on some important amendments such as guidance on measuring the fair value of li ...

Public Companies: Top 5 Ways to Increase SOX Efficiencies and Cost Effectiveness

This top-five list gives you insight into the experience that accounting and consulting firm Armanino has gained while performing Sarbanes-Oxley (SOX) compliance services for sm ...

Time for Capital Improvements?

The solid waste industry has seen huge amounts of capital being invested to meet the AB 939 diversion goals and the required truck replacements and modifications to meet the CARB requirements.

FASB Codifies New Rules for Consolidation of VIEs

With its recent Accounting Standards Update (ASU) 2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities, the Financial Accounting Standards Bo ...

Nonprofit Form 990 and Plan 403(b) Receive Makeovers

In 2009, nonprofits will need to look more closely at their Form 990 and 403(b) plans. And when they do, they will find plenty of people looking over their shoulder.

Another Step Closer to International Accounting Principles

The introduction of FAS 141(R) illustrates the continued movement towards converged accounting standards.

The Importance of Maintaining Adequate Nonprofit Operating Reserves

Maintaining adequate operating reserves is important for nonprofit organizations. In recent years, the significance of maintaining operating reserves at levels adequate for achieving financial stability has become an ...

Fraud May Come From Those You Least Suspect It

When finding ways to increase an individual's income to make ends meet proves difficult, a convenient way to relieve financial stress is through fraud.

A Sales/Use Tax Audit May Be in Your Future: Be Prepared For It

Past trends have shown that businesses in California have a 20 percent chance of being selected for a state sales/use tax audit. Large, multinational corporations are accustomed to regular sales/use tax examinations, ...

The Push for Global Accounting Standards: Big Changes in the Works

In an increasingly global economy, most financial experts agree that a single, high-quality set of international accounting standards would provide significant benefits. There's less consensus, however, on how to get the ...

FASB Issues Revenue Recognition Guidance for R&D Vendors

The Financial Accounting Standards Board (FASB) recently released Accounting Standards Update (ASU) 2010-17, Revenue Recognition — Milestone Method (Topic 605): Milestone Method of Revenue Recognition (a consensus ...

Many RIAs Must Comply with New SEC Custody Requirements


Late last year, the U.S. Securities and Exchange Commission (SEC) amended its custody rule — Rule 206(4)-2 under the Investment Advisers Act — to help safeguard investor assets. Now it’s time for ...

Ready or Not, Here IFRS Comes

Planning for the upcoming changes

The move away from U.S. Generally Accepted Accounting Principles (U.S. GAAP) to International Financial Reporting Standards (IFRS) is becoming a reality more quickly than onc ...

Fair Value Now A Bit More Fair

FAS 159 allows companies to reduce volatility offerings

In February 2007 FAS 159, "The Fair Value Option of Financial Assets and Financial Liabilities" standard was released, and with it a way to account for f ...

Experts