For many companies, completing the SOC 1/SOC 2 audit or other compliance standards can be a difficult task that is being required by another party (i.e. their customer). This can make completin
As we perform diligence/Quality of Earnings, most of our clients are focused on earnings. Based on our years of experience we have noted our clients are not typically concerned about the balance
The clarity around standards, compliance and requirements in regards to the Protected Healthcare Information (PHI) has been cloudy at best. In response to these inconsistencies, HITRUST Alliance was
Mistake One :: Hiring a Bookkeeper and Expecting Accounting Services
Bookkeepers can be extremely valuable to a business. They are a significant help when it comes to paying bills, invoicing, and data
When a service organization undergoes a SOC 1 or SOC 2 audit, the report will contain an auditor’s opinion surrounding the controls examined. The auditor comes to his/her opinion by determining
The second piece in a five part series for business owners not quite large enough to warrant a full-time accountant, but not really feeling the love for doing the accounting themselves.
Historically, the SOC 1 has been referred to as an SSAE 16. SSAE stands for Statement on Standards for Attestation Engagements. For all reports dated on or after May 1, 201