Affluent Financial Services is a US Based CPA firm. Our core services include Financial Audits, CFO Services, Bookkeeping & Tax Services.
(301) 921 8585
The AICPA Statements on Quality Control Standards (SQCS) require firms to establish policies and procedures for the acceptance and continuance of client relationships and specific engagements. These apply to a CPA firm’s accounting and auditing practice, as well as any…
Engagement letters often form the litmus test of Professional liability claims, where either the claims are accepted bona-fide or rejected altogether owing to the backend stress, time and effort and defense costs associated. In such scenarios, adopting and practicing strong…
The Federal Accounting Standards Advisory Board (FASAB) and the Accounting & Auditing Policy Committee (AAPC) had released certain guidelines with regard to Federal entities, which mainly comprise: Accounting standards implementation Lease related amendments Advances from non-federal sources While the AAPC…
Companies can follow these tips to create more effective Sarbanes-Oxley (SOX) self-assessment and monitoring procedures that help management correct issues and weaknesses before auditors arrive. Use Automated Dashboards Views in the form of dashboards, team sites summarizing performance, real-time financial…
Why you should audit finances of your business? Running a business isn’t just all about marketing, customer service or the product itself- but also all of your financial statements. Maintaining an accurate and up-to-date financial records is necessary for every…
Audit validation is an important process that ensures the different variables that determine the audit process, method and materials used in the process of auditing process are well sourced and they are the true ones that have been used in…