Stay informed with the latest insights and perspectives from Withum.
Floorplan pressure. OEM scrutiny. Tight timelines. High stakes. Your auditor should understand that reality. 4 Reasons Why Audits Matter to Dealers What Makes Our Dealership Audits Different Dealers tell us they want the confidence that their financials will stand up when lenders, OEMs, or buyers ask tough questions. Many CPA firms perform audits. Few truly…
For Federally Qualified Health Centers (FQHCs), single audit readiness—more precisely, readiness for an audit under Uniform Guidance—is no longer limited to the finance department. It is an organization-wide discipline that requires alignment across grants management, reimbursement, accounting, compliance, operations, and governance. Under Uniform Guidance, a non-Federal entity that expends $1,000,000 or more in Federal awards…
As your SportsTech business grows, financial transparency is key. Whether you’re getting ready for an audit, planning an acquisition, or considering an IPO, it’s important to have strong financial systems. We’ve created an Audit Readiness Checklist for SportsTech Finance Teams to help guide you through every stage of growth. Audit Readiness Checklist for SportsTech Finance…
As e-commerce businesses scale, financial transparency becomes essential. Whether you’re preparing for an external audit, a strategic acquisition, or an IPO, having the right financial infrastructure in place is critical. That’s why we have developed a comprehensive Audit Readiness Checklist for E-Commerce Finance Teams, designed to guide you through every stage of growth. Audit Readiness…
In 2024, the Financial Accounting Standards Board (the “FASB”) released updated guidance for the treatment of profits interest awards as part of Accounting Standards Update (“ASU”) 2024-01. That update is now effective for public business entities for annual and interim reporting periods beginning after December 15, 2024. The new guidance will be effective for all…
Accounting Standards Update (ASU) 2025-05 – Measurement of Credit Losses for Accounts Receivable and Contract Assets, issued in July 2025, introduces a practical expedient and accounting policy election under Topic 326: Financial Instruments—Credit Losses, specifically tailored to ease the burden for entities when estimating credit losses for accounts receivable and contract assets. Simplified Estimation of…
