Blog

Ellen Alphonso | Apr. 2, 2026
Service Provider Fraud in Employee Benefit Plans: Risks, Examples & Prevention Tips
In this episode of Ask an EBP Auditor, we take a deep dive into service provider fraud in employee benefit…
Becky Gibbs | Feb. 5, 2026
5 Common Audit Issues in Construction and How to Avoid Them
Construction company audits are notoriously complex. Between percentage-of-completion accounting, change orders, and work-in-progress schedules, even experienced financial teams can find…
Becky Gibbs | Jan. 14, 2026
2026 Audit Readiness: What Your Business Needs to Do Now
Is your business prepared for audit season? Instead of thinking about what auditors need, focus on what matters most for…
Ellen Alphonso | Dec. 30, 2025
Top Risks Uncovered During Manufacturing Audits and How to Mitigate Them
Manufacturers obsess over efficiency, but audits often expose financial landmines that can crush profitability. Here are five risks—each backed by…
Becky Gibbs | Nov. 5, 2025
How Auditors Help Businesses Grow Smarter
When you hear the word *audit*, you probably think of compliance—checking the right boxes for lenders, investors, or regulators. But…
Becky Gibbs | Oct. 16, 2025
14 Strategic Reasons to Invest in CPA-Prepared Financial Statements
For many business owners, financial statements are seen primarily as a compliance task, something to complete for tax season or…
Ali Hansen | Mar. 31, 2025
Ratio Rundown: Use Financial Benchmarking to Unlock Profitability, Efficiency and Growth
Financial statements tell a powerful story about your business. However, they can seem like an overwhelming collection of figures without…
Becky Gibbs | Mar. 10, 2025
FAQs About Reporting Subsequent Events
Subsequent events are in the spotlight these days. The audit guidance hasn’t kept pace with changes in financial reporting frameworks,…
Becky Gibbs | Feb. 18, 2025
How to Forecast Smarter
Financial forecasting provides a roadmap to guide your organization on the path to success. Forecasts support strategic planning by helping…
Becky Gibbs | Dec. 17, 2024
Chart a Course for Success with a Detailed Chart of Accounts
A chart of accounts is the foundation of accurate financial reporting, so it needs to be set up correctly. A…
Kevin McCarty | Dec. 16, 2024
What Are Retained Earnings — and Why Do They Matter?
Owners’ equity is the difference between the assets and liabilities reported on your company’s balance sheet. It’s generally composed of…
Emblem of value added
Ashley Sparks | Nov. 25, 2024
Do Reviewed or Audited Financial Statements Add Value?
Many privately held companies have their financial statements compiled, reviewed or audited due to requirements from a governmental agency, lender,…

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Get in touch with Boyum & Barenscheer

We are a full-service Twin Cities CPA and advisory firm providing proactive tax, audit, and outsourced accounting services to help individuals, nonprofits and businesses achieve long-term success.

Contact Us
Info@myboyum.com

Home Office:
3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244