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Year End External Audit Preparedness Checklist

Year End External Audit Preparedness Checklist

by Jon Hunt | Dec 15, 2025 | News & Insights, Thought Leadership, Uncategorized

This checklist outlines key activities finance leadership teams should consider before calendar year-end to position the organization for an efficient and “no surprises” external audit. 1. Align on Audit Scope, Risks, and Timeline Hold a formal pre–year-end planning...
Increased Auditor Scrutiny of Financial Statement Disclosures

Increased Auditor Scrutiny of Financial Statement Disclosures

by Jon Hunt | Sep 15, 2025 | News & Insights, Thought Leadership

Key Highlights for Finance Function Auditors and regulators are raising the bar on disclosure quality. From MD&A cause-and-effect analysis to non-GAAP prominence, new FASB requirements income taxes, disclosure hot spots are squarely in the spotlight. PCAOB...
Goodwill & Intangibles: Amortization, Impairment, and Audit Hot Spots

Goodwill & Intangibles: Amortization, Impairment, and Audit Hot Spots

by admin.virtas | Aug 15, 2025 | News & Insights, Thought Leadership, Uncategorized

What’s Happening: The debate around goodwill and intangible asset accounting continues to heat up. The FASB has received sustained feedback on whether goodwill should return to an amortization model (as required under IFRS and private company alternatives)...
Operational Separation – Steps to Optimize Deal Value

Operational Separation – Steps to Optimize Deal Value

by admin.virtas | Dec 5, 2023 | News & Insights, Thought Leadership

Carving out a business or assets from the parent company is an extremely complex process that requires multiple business stakeholders to define the deal perimeter (ring-fence) and execute the divestiture.  The stakeholders typically include C-Suite leaders, Corporate...
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