When you hear the term audit, you may immediately think of a team of IRS officers rummaging through your files looking for discrepancies and errors in your business's tax returns. However, financial ...

Today’s audit profession is driving exciting and unprecedented changes that are fundamentally evolving the role of the auditor and how audits are performed. Breakthrough innovations in areas such as ...

Financial statements comprise three important written records: the cash flow statement, the income statement and the balance sheet. Companies furnish financial statements to provide information on ...

We all knew things were bad at the California Department of Motor Vehicles. But an eye-opening new state audit documents how shockingly bad. The audit, by the state Department of Finance, paints a ...

The authors of “ Eight Habits of Highly Effective Audit Committees” (Sept. 07, page 46) have identified relevant recommendations. However, these recommendations are for an audit committee that is a ...

Monique Danao is a highly experienced journalist, editor, and copywriter with an extensive background in B2B SaaS technology. Her work has been published in Forbes Advisor, Decential, Canva, 99Designs ...

Today’s global audit firm isn’t worried at all, in my opinion, about its reputation—one of the most important characteristics of a true professional services firm. On June 18, the New York Department ...

The American Institute of CPAs’ Auditing Standards Board has issued a proposed standard on audit evidence to update an older standard and include new technologies such as data analytics and blockchain ...

Audits provide an understanding of performance and clarity on what needs to happen to achieve objectives. Yet, in my experience, companies rarely take the time to conduct audits. In this post, I’ll ...