Financial statements comprise three important written records: the cash flow statement, the income statement and the balance sheet. Companies furnish financial statements to provide information on ...

THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

In most cases, auditors simply cannot look at every transaction that makes up a company's financial statements. As such, technical audit procedures are designed to ensure that the auditor can express ...

The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

A forensic audit is an examination of a firm's or individual's finances to derive evidence that can be used in a court of law or legal proceeding.

An internal audit at Stephen F. Austin State University found more than a dozen discrepancies in payroll and procurement procedures, performance evaluations, conflicts-of-interest disclosures and ...

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.

A state audit has found “material weaknesses” and “systemic issues” in the Bartholomew County government’s financial procedures and controls for administering federal funds, including instances in ...

Internal Audit is an independent, objective, assurance and consulting activity, assisting the university in meeting its objectives and improving the effectiveness of risk management, control and ...

State Auditor Lydia E. York released a report revealing significant deficiencies in Smyrna's financial oversight and internal controls. Key issues include lack of bank reconciliation procedures, poor ...