Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

A certified financial statement is one that has been reviewed and approved by a certified, independent auditor. Such statements are considered more reliable than unaudited statements and are mandatory ...

When your business reaches certain milestones (e.g., securing significant funding, pursuing government contracts, preparing for acquisition), you’ll likely encounter a request for certified financial ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...