Discover what auditing evidence is and learn its characteristics. See examples of how auditing evidence ensures financial statement accuracy and compliance in audits.

Generally accepted accounting principles, or GAAP, is a set of standards used by accountants across all areas of business and industry in the United States. This standardizes presentation of financial ...

GASB regularly issues implementation guides, which are staff “question and answer” (Q&A) documents that are intended to reflect the GASB staff’s understanding of the board’s intent when it adopted the ...

The GAAP approves four different methods for depreciating business assets: the straight-line method, the units of production method, the declining balance method and the sum-of-the-year's-digits ...

Trustees of the Associated Specialty Contractors (ASC), Bethesda, Md., recently voted to endorse the 2007 update to the AIA Document A401-2007 Standard Form of Agreement between Contractor and ...