An AICPA committee leader testified last week at the public hearing by the Department of Labor’s ERISA Advisory Council, “Beyond Plan Audit Compliance: Improving the Financial Statement Audit Process.

The Covid-19 pandemic has forced companies to make significant changes to their internal audit processes and how they prepare for external auditors to review their financial statements. A recent ...

Financial statement audits are a routine part of closing your financial books. Audits help to ensure the accuracy of the accounting data used to compile the statements as well as the overall ...

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits. In its June 23, 2025, memorandum (M-25-30: "Ensuring Accountability: How We ...

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 ...

The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

When a regional logistics company received an unsolicited buyout offer from a national competitor, the owners were intrigued. Just as negotiations began, the buyer’s team requested audited financials.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The prospect of conducting an audit — whether self ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

When a privately-held business incorporates, the personal assets of the business owner -- now considered a shareholder -- are protected by corporate limited liability. Private companies formed as C ...

At a hearing Dec. 8, the state government's Joint Legislative Auditing Committee voted unanimously to launch an operational ...