As you may know, the AICPA’s Auditing Standards Board has issued the Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization. This new standard, which was designed to enhance transparency and consistency, will replace the previous Statement on Auditing Standards No. 70, Service Organizations (SAS 70) for all [...]
As featured this week on the Association for Corporate Growth (ACG) National Capital Blog, CB&H’s Scott Moss, Director of the Firm’s Transaction Advisory Services group, outlines the value of sell-side due diligence to both sellers and buyers by assessing a company’s earnings power, ensuring compliance with complex industry-related accounting rules, and preparing the seller for [...]
Followed by over 100 countries, International Financial Reporting Standards (IFRS) are recognized as the worldwide equivalent to U.S. generally accepted accounting principles (GAAP). Nearly all major capital markets have either adopted the IFRS framework or are migrating towards that model within the next few years. Since 2007, the Securities and Exchange Commission (SEC) has allowed [...]
