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Be confident this audit season 💪 By working with a team of ex-Big 4 audit support pros, you can conquer your audit. Transform your audit into an opportunity for growth: https://lnkd.in/gbkq9MFY #FinancialAudit #ExternalAudit #AuditPrep

🔍 Goodwill gone bad? As the fiscal year ends and audit season is top-of-mind, ensure your goodwill impairment tests are accurate. Our latest blog post offers a concise checklist to navigate this crucial process, covering key considerations and best practices. ✅ Get your goodwill impairment test checklist here: https://hubs.ly/Q02_HFdw0 #Goodwill #ImpairmentTesting #FinancialReporting #AuditSeason

Can you believe #auditseason is almost here? 😮 Thankfully, Adam Olsen has crafted the ultimate Definitive Guide to Financial Audit Preparation. Packed with insights and practical tips, this guide is your go-to resource for a smooth and successful audit process. Check it out: https://hubs.ly/Q02dCxw_0 #CFO #FinancialAudit #ExternalAudit #AuditGuide #AuditReadiness

Key takeaways from AICPA & CIMA Conference Day 3: 1️⃣ AI in accounting: #AI is revolutionizing accounting and auditing by boosting efficiency and data insights, emphasizing the importance of human-AI collaboration for tackling higher-value tasks. 2️⃣ SEC enforcement insights: Stressed the need for robust internal controls and ethical practices to reduce enforcement risks, focusing on transparency and thorough documentation. 3️⃣ Securities Law update: The Supreme Court's decision on the Chevron doctrine brings increased scrutiny over federal actions, affecting rulemaking and compliance strategies. 4️⃣ PCAOB Developments: Noted the surge in standard-setting activities, highlighting the need for adaptation to new standards and the value of public input. 5️⃣ Capital market trends: Explored the resurgence of the #IPO market and innovative deal structures to support capital raising in challenging environments. 🎙️ Stay tuned for more insights in our upcoming episode of Embark’s Accounting Matters podcast. #AICPA #SEC #PCAOB #AccountingAdvisory #EmbarkInsights

Roll the #DISE for financial clarity Dive into Adam Olsen's latest blog to explore how the new FASB standard provides stakeholders with detailed expense breakdowns for informed decisions. Key highlights: 🎲 Transparency boost: Disaggregate expenses for clearer financial insights 🎲 Implementation guidance: Practical steps for seamless adoption 🎲 Impact on reporting: Understand how this affects your financial statements 🔗 Read the full breakdown of ASU 2024-03 here: https://hubs.ly/Q02_v39F0 #FinancialReporting #AccountingStandards #TechnicalAccounting #EmbarkInsights

Adam Olsen and Nicole Harger, CPA are back to unveil the standout moments from Day 2 of the 2024 AICPA & CIMA Conference on SEC and PCAOB Developments: 1️⃣ Disclosure & Compliance: The SEC's CorpFin highlighted observations on several recent rules, including pay vs. performance, clawbacks for erroneously awards compensation, and new SPAC regulations. 2️⃣ Emerging Topics: #AI and Pillar Two tax rules were emphasized, urging companies to tackle risks like bias, data privacy, and financial impacts. 3️⃣ #Cybersecurity: New rules require disclosing material cyber incidents within four days, with a focus on governance and incident response. 4️⃣ Recurring Issues: Non-GAAP measures and FASB’s ASU 2023-07 on segment reporting were discussed, focusing on compliance and disclosure risks. 5️⃣ Technical Challenges: Addressed the classification of complex financial instruments and revenue recognition, highlighting the need for strong communication and controls. Stay tuned for our Day 3 recap and full conference insights coming soon! #aicpasec #AccountingAdvisory #CPE #AICPA #SEC #PCAOB #EmbarkInsights

It’s the last day of the AICPA and CIMA conference in Washington, DC! If you’re here and haven’t stopped by the Embark booth (or even if you have), come by and say hello to our team! Adam Olsen Zac Smith Nicole Harger, CPA George Arndt III, CPA Bianca Graham, CPA AICPA

That's a wrap on Day 1 of the AICPA & CIMA Conference here in Washington, DC! Check out the key takeaways from Embark's National Quality Leader, Adam Olsen, and Managing Director, Nicole Harger, CPA: 1️⃣ SEC Office of the Chief Accountant: Paul Munter emphasized the foundational role of CPAs in serving the public interest, highlighting the importance of ethical leadership and auditor independence. 2️⃣ FASB Updates Panel: Led by Richard Jones, this session focused on stakeholder feedback shaping practical standards like the new #DISE standard on disaggregation of income statement expenses. 3️⃣ Chief Accounting Officer and Controller Panel: Leaders shared strategies for navigating upcoming regulatory changes, with a focus on the transformative role of AI and the challenges of sustainability reporting. Stay tuned for more updates as we dive deeper into SEC cybersecurity rules facing preparers and practitioners on Day 2! #aicpasec #AICPA #SEC #CFO #Controller #AI #AccountingAdvisory #EmbarkWithUs

🔍 Unlock the secrets of a successful financial statement audit with our comprehensive guide from Dawna Boone, CPA and Adam Olsen Step by step, we demystify the audit process, highlighting each critical stage to ensure your financial reporting is both accurate and compliant. Read more to feel prepared for your audit: https://hubs.ly/Q02c45LJ0 #FirstYearAudit #AuditSeason #AuditPrep

At Embark, excellence starts with people, and this principle drives our tailored services in accounting, reporting, internal controls, deals, ESG advisory, and more. Join us next week at the 2024 AICPA Conference—we look forward to connecting with you there and beyond! #Consulting #AccountingProfessionals #AICPA2024