Whether your firm is small or one of the largest organizations in the country, it pays to develop and maintain a strategic audit plan, according to Lorin Venable, CPA, CGMA. As assistant inspector ...

Investors, business owners, management and company employees rely on valid accounting methods for the stability of investments and an accurate assessment of the overall company health. All companies, ...

An audit is the highest level of assurance a CPA firm can provide that the financial statements follow the generally accepted accounting principles (GAAP), or some other reasonable basis of accounting ...

For decades, auditors have faced the competing pressures of enhancing audit effectiveness while performing audits more efficiently. By investing more time—and the right procedures—in the planning ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...

Accounting regulators are planning to give auditors some new advice in two forms: a generalized report on its 2004 inspection findings—providing blanket advice on auditing for fraud and internal ...

The Association of Chartered Certified Accountants is teaming up with the International Association for Accounting Education and Research on the auditing research initiative, with the support of the ...

The American Institute of CPAs’ Auditing Standards Board proposed a strategic plan Friday that will guide the ASB’s work over the next three years. Initiative A: Develop high-quality standards in the ...

Financial audits are expensive. There’s no way to beat around the bush, when we talk about costs and “audits.” They’re never cheap, if done properly by a reputable Certified Public Accountant (“CPA”).