Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

When a company or its auditors discover an error in an audit report, these errors must be recognized and corrected. Audit reports vouch for the credibility of ...

After more than 10 years of sounding alarms about the dangers of having internal audit report administratively to the chief financial officer, I must grudgingly concede my warnings have fallen on deaf ...

Big Data is powerful. It can also be daunting. The current data analytic landscape focuses on the use of “scripts” that can identify duplicates and quantitative outliers. Yet, there is little guidance ...

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In a previous post, “Properly Done Audits Are A Powerful Tool For Addressing Climate Change,” I wrote about recent guidance from the International Accounting Standards Board (IASB) and the ...

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 ...

The very convenience of petty cash also presents its most significant audit challenge; because the cash box is usually not well-secured, reliably tracking access to the money presents an internal ...