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…
FASB Standards for Continuity in Recognition and Measurement FASB has proposed a new standard to increase accounting consistency for revenue contracts, where a customer has been acquired in a business combination. It requires an acquiring entity to recognize and measure…
Every business owner has a knowledge of accounting– maybe not all but its basics. Running a business involves buying, selling, banking and taxes and to be able to perform this, one must know even just the basic principles of accounting.…
Accounting is the language of every business. Without it, it will cause chaos and a possibility of business failure. Just think what will happen to the world if we have no language- no communication, no understanding, no meaning. It’s a…
Financial statements are more important that you really think. It’s the scorecard of your business, and whenever you’re a small or large business owner, you need to read, analyze, and understand your financial statements so you can get an accurate…
Understanding financial statements Financial statements are not just some mere documents- it is very vital to the success and growth of your business. When you know how to interpret these financial statements, chances are, you’ll know how to decide intelligently in…
The Accounting Cycle is a nine-step standardized practice used by organizations & CPA firms to record and calculate financial transactions & activities. The Accounting Cycle steps list the process of analyzing, monitoring, and identifying a company’s financial transactions. It is used for…