When you hear the term audit, you may immediately think of a team of IRS officers rummaging through your files looking for discrepancies and errors in your business's tax returns. However, financial ...

The purpose of a finance audit is threefold. First is to confirm that procedures are in place to govern a business to obtain optimum profit levels. Second is to verify compliance with all applicable ...

Audited financial statements are needed by businesses for a number of reasons. They are required by various federal and state regulators, such as the ...

The Auditing Standards Board issued eight standards with new guidance for auditors assessing risks and controls in financial statement audits. Auditors must consider risk and also determine a ...

The checklist covers not only what is required by SMSF auditors in regard to auditor independence but also what documents the regulator expects and what it will be focussing on in regards to auditor ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.