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Melissa Motley, CPA

Melissa Motley has worked in the field of accounting for more than 25 years. She specializes in audit and accounting work with an emphasis in governmental audit.

Recent Posts

Attention: Accounting Rule Delays in the Works

Posted by Melissa Motley, CPA on Aug 08, 2019

On July 17, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the deferral would apply to new guidance for reporting leases, hedging transactions, credit losses, and long-term insurance contracts.

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Posted in Accounting & Outsourcing

Private Companies: Beware of SEC Scrutiny

Posted by Melissa Motley, CPA on Jul 12, 2019

The Securities and Exchange Commission (SEC) doesn’t monitor just publicly traded companies. It also looks at the dealings of some private companies, often to the surprise of their owners and executives.

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Posted in Accounting & Outsourcing

AUP Engagements: A Middle Ground Between Audits and Consulting Services

Posted by Melissa Motley, CPA on Jun 10, 2019

Your CPA offers a wide menu of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to U.S. Generally Accepted Accounting Principles (GAAP).

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Posted in Audit & Assurance

Lean Manufacturers: Reap the Benefits of Lean Accounting

Posted by Melissa Motley, CPA on May 07, 2019

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more timely, relevant financial data. But it’s not right for every situation.

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Posted in Audit & Assurance

Auditing Accounting Estimates and the Use of Specialists

Posted by Melissa Motley, CPA on Apr 09, 2019

The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting estimates and the work of specialists. Though the new, more consistent guidance would apply specifically to public companies, the effects would likely filter down to audits of private entities that use accounting estimates or rely on the work of specialists.

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Posted in Audit & Assurance

Transparency Is Key with Related Party Transactions

Posted by Melissa Motley, CPA on Mar 22, 2019

In recent years, external auditors have focused more attention on related party transactions. Although related party transactions aren’t necessarily bad, they do raise some concerns about the risk of misstatement or omission in financial reporting.

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Posted in Audit & Assurance

Auditing Cashless Transactions

Posted by Melissa Motley, CPA on Feb 15, 2019

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments. And you may be wondering: How does the acceptance of these types of transactions affect the auditing of your financial statements?

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Posted in Audit & Assurance

Conducting An Effective Post-M&A Audit

Posted by Melissa Motley, CPA on Jan 10, 2019

So, you’re about to merge with another company. What’s next? The integration process typically starts with audited financial statements that reflect the results and financial position of the combined entity. This exercise requires a close partnership between the external audit team and in-house accounting personnel from both companies. Collaboration is key to a seamless transition.

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Posted in Audit & Assurance

Why Revenue Matters In An Audit

Posted by Melissa Motley, CPA on Nov 28, 2018

For many companies, revenue is one of the largest financial statement accounts. It’s also highly susceptible to financial misstatement.

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Posted in Audit & Assurance

LIFO Lessons Learned

Posted by Melissa Motley, CPA on Nov 09, 2018

You have choices when it comes to reporting inventory costs. One popular technique — the last-in, first-out (LIFO) method — assumes that merchandise is sold in the reverse order it was acquired or produced. That is, it allocates the most recent costs to the cost of sales. Although this method is often preferred for tax purposes, internal accounting personnel may be hesitant to use it for various reasons.

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Posted in Business Tax

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