An accounts payable audit can be the sole focus or a portion of a full internal audit. General audit strategies are the same, however, regardless of the reason or reasons for which it's taking place.

Publicly held companies, or private companies that apply for credit, must have routine audits of financial transactions conducted. Outside agencies, not affiliated with the company, perform these ...

IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors ...

This explains how internal audit focuses on ongoing risk prevention while forensic accounting investigates suspected fraud. The key takeaway is that one is proactive and advisory, while the other is ...

In an effort to make the audit process more efficient and effective, the AICPA Assurance Services Executive Committee (ASEC) has developed voluntary audit data standards that would standardize the ...

Discover how an attorney's letter helps verify litigation details in audits, ensuring financial transparency and compliance with accounting principles.

The regulator has said it intends to place greater weight on oversight of firms’ internal quality and control systems.

Maintaining accounts receivable is necessary to improve your billing process. Daria Semanyshyn of Advanced Medical Practice Management discusses four steps to audit your A/R and catch problems in a ...

A concentration in accounting opens the doors to many career paths for Manning School of Business students. Graduates can go on to become certified public accountants (CPAs), financial analysts, tax ...

SIR: Forensic auditing is a critical and a turnkey process conducted on controversial accounting record. It is more of an investigation with security undertone than financial meaning. When the ...