Quality of Financial Statements
We rely on financial statements to paint a picture of
company. The only way to compare apples-to-apples is
for each set to be prepared in a similar manner.
The "similar manner" is Generally Accepted Accounting
Principals" (i.e. GAAP). When you hear the term "quality
of financial statements", the issue is the degree to
which the reader can expect that the statements
conform to GAAP. There are three general "qualities" of
financial statements: Compiled, Reviewed and Audited.
You should know the difference.
Read Story ...
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| Employee Fraud and Embezzlement | | |  The U.S. Chamber of Commerce estimates that U.S.
employers lose $20 billion to $40 billion a year due to
employee theft. Shockingly, the U.S. Chamber of
Commerce states that 30% of all business failures are
caused by employee theft, citing a report by David J.
Shaffer and Ronald A. Schmidt. Private businesses are
a highest risk. This article explains the rising problems
and offers suggestions for fighting back.Full Story ... | | |
| Vercor News | | | We are excited to announce two new Vercor offices -
Houston, Texas and United Kingdom. Ralph Fain is the
Managing Director of the Houston office while Chandila
Fernando is the Managing Director of the United
Kingdom office. Ralph and Chandila are seasoned deal
makers who bring a wealth of experience to the Vercor
team. In addition, Vercor has established a Strategic
Partnership with the team of Corporate Finance in
Europe. Govert Derks, Joost Derks and Piet Aart will be
a valuable resource to Vercor's growing European
presence. Learn More.... | | |
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