Auditing and accounting are both key parts of your business's financial record-keeping process, but they're somewhat different in focus. Accounting is the much broader field, and it includes ...

Over the past few years, much attention has been paid to the issue of global harmonization of generally accepted accounting principles while, at the same time, a much quieter revolution has been ...

I recently facilitated a future leader panel discussion where an audience member asked the panelists to share one “stupid thing” their firms are still doing that they wish they’d change. A bright, ...

The security of any organization's data and systems can often be compromised by seemingly benign entities—third-party contractors, vendors and outsourced service partners. While these external ...

The revised International Standard on Auditing (ISA) 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements comes in response to greater scrutiny and concern around ...

Companies, government agencies and nonprofit organizations use auditing practices to manage compliance with internal controls. For example, an auditor looks for inconsistencies in financial records.

The Public Company Accounting Oversight Board has released a new alert from the PCAOB staff warning auditors about deficiencies that have been seen in audits of revenue figures. Processing Content The ...

Following the collapses of Patisserie Valerie, Carillion and BHS, the auditors were heavily criticised in the media for signing off on the financial accounts published by each of these companies ahead ...

The facility is aimed at helping smaller practices take up forensic audit assignments, an area where many have been unable to ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...