After almost 35 years, the Auditing and Assurance Standards Board (AASB) issued a new standard for compilation engagements effective for periods ending on or after December 14, 2021 with earlier application permitted.
If you manage a business and engage a practitioner to compile your financial information, these changes will affect you.
Cloud accounting is the use of secure cloud storage to hold and process accounting data, allowing you to monitor the financial position of your business from anywhere, at any time, on any device. With just one active file shared with your professional accounting advisors, it’s easier to collaborate and reduce the confusion that can lead […]
Today’s accounting department should be a lean mean operating machine. How, you ask? By moving to the 21st century; integrating and automating processes and using cloud-based applications. Accounting departments have gone from paper ledgers to computerized activities and can now move to automation. Such a move needs to be carefully planned and executed to ensure […]
Keeping proper books has long been considered a challenge for business owners. Many struggle to do it themselves or they may hire someone to do it for them and lose touch with the financial health of their company. At DMCL, our experienced Cloud Accounting group uses cloud-based software to work collaboratively with our clients to […]
