All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year, independent accountants review a ...

IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors ...

Recently issued FASB standards for revenue recognition, lease accounting, and the private company variable-interest entity (VIE) consolidation have led to companies’ and practitioners’ asking a host ...

An audit is an inspection of a company's accounting records, usually done by an independent certified public accountant. Audits are performed in an effort to determine whether a business is ...

Accounting, auditing and accountability underpin the transparency and integrity of both private enterprises and public sector institutions. Traditional accounting practices—whether financial, ...

While there is some correlation between critical audit matters and critical accounting estimates included in management’s discussion and analysis, it is certainly not a one-to-one relationship, SEC ...

Imagine a high-tech control room, with wall-sized screens full of KPIs and digital renderings of transaction flows, and rows of monitoring stations staffed by vigilant professionals who are keeping an ...

When you think of the audit of the future, what words come to mind? Big data, artificial intelligence, virtual workforce, blockchain, professional skepticism? If professional skepticism didn’t make ...

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 ...