Supply chain challenges impact businesses in unique ways, bringing new disruptions and risks for advisors to solve.
Laura Hay, CPA, CAE, OSCPA executive vice president spoke with Matt Rosen, CPA, director at Barnes Dennig. & Co., on technical advice CPAs should know during the crisis for the July/August issue of CPA Voice.“Accountants and auditors need to interact with other areas of the business, such as purchasing and operations, to understand how the enterprise’s risk profile is changing and its impact on audit planning, accounting and financial reporting,” Rosen said.
Inventory valuation and storage, purchase commitments, and inflation are all considerations accounting professionals need to think about when working with businesses and clients.
Read the entire article available now in the July/August issue of CPA Voice.
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