Traditionally, audits are supposed to be conducted at the end of a financial year. During that phase, trained auditors and chartered accountants run through, either partially or completely, thousands ...

The sales and collections cycle in a business refers to the set of processes that begin when a customer purchases goods or services and ends when your business receives payment in full. As part of the ...

The top-side journal entry is most susceptible to fraud by management override. It’s possible to make adjustments in subledgers, but this requires collusion with other organizational departments, ...

Please note: This item is from our archives and was published in 2014. It is provided for historical reference. The content may be out of date and links may no longer function. Rapid changes in ...

The Securities and Exchange Commission has approved the Public Company Accounting Oversight Board’s new standard on auditing related party transactions and significant unusual transactions. The PCAOB ...

Federal financial modernization has reached an inflection point in which traditional approaches to audit preparation are no ...

The profession now has a clear path toward achieving long-standing goals, including improved accuracy and more meaningful ...