An audit is the process of verifying financial records for accuracy. An auditor is the professional performing the audit, tracking cash flow and all financial transactions from start to finish, and creating an objective report about their findings. They look for accuracy, efficiency, and for fraud. They report on their findings, offering an analysis and…

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We all need a little help from someone older and wiser sometimes. In the business world, this help may come through mentoring.  According to the Merriam-Webster Dictionary, a mentor is a “trusted counselor and guide.” Companies recognize the value of reliable and relationship-oriented mentorship programs on career development and company growth. Typically, mentors are experts…

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Working with a financial advisor to meet financial goals, grow wealth, and strategize for the future is a smart money management choice. Financial advisors offer a wide range of services, filling specific niches in the industry. However, the title “financial advisor” is not federally regulated. Anyone may call himself a financial advisor without the knowledge…

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Financial literacy underpins sound, savvy money management decisions. But financial advisors and accountants don’t have a monopoly on this skill. We must all incorporate wise monetary practices every day. Money management encompasses earning, saving, spending, budgeting, investing strategies, bill paying, and taxes.  It’s integral to daily life. Consequently, making young children financially literate establishes their…

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The beginning of the new year is an ideal time to revisit your financial goals. Goals, financial or otherwise, set a road map for your future. Of course, working towards your financial goals is sometimes challenging and often takes momentary sacrifice. By definition, however, goals are motivating, spurring you on in your efforts. 5 Tips…

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Many accounting professionals aspire to have an office in the C-suite someday. Having been a numbers-cruncher throughout their career, a move to CFO may seem the logical next step. But is it? Is a love of computing and finesse for finances enough to open doors to an executive position? And if those doors do open,…

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