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 ...

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA and Thought Leader in the Financial Field. As a business owner, conducting year-end financial audits is more than a ...

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 ...

FORT DETRICK, Md. - In April 2025, Fort Detrick opened its books to Army contracted auditors as part of the Army's ongoing commitment to financial transparency and accountability. This audit, ...

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 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 ...