Clients hire auditing firms for an array of reasons. A client may require a financial audit of his business's records for federal auditing purposes, or may simply need financial advice for his ...

The Internal Revenue Service (“IRS” or the “Service”) aggregates, reviews, and analyzes taxpayer data and determines whether ...

The Sarbanes-Oxley Act of 2002 (SOX) mandates that audit committees be directly responsible for the oversight of the engagement of the company's independent auditor, and the Securities and Exchange ...

Asking the right questions when considering accepting new audit clients, or continuing a relationship with an existing client, is the key to establishing a quality relationship, according to a new ...

The expertise of auditors in interpreting data and exercising professional judgement is becoming critical, indicates the ...

Crunchafi, a leader in SaaS technology for accounting and financial professionals, and Fieldguide, the leader in professional-grade agentic AI for audit and advisory, today announced a partnership ...

Businesses face specific inherent risks within accounts payable. Among these are the risk of erroneous overpayments to vendors, negligent underpayment or nonpayment of invoices, and payments to ...

Deloitte was the only Big Four audit firm to net positive in new public company clients in 2022, while Marcum saw the largest overall gains a year removed from losing 110 clients, according to the ...

FASB’s new revenue recognition standard, FASB ASC Topic 606, Revenue From Contracts With Customers, is one of the most significant changes ever in U.S. GAAP. The new, principles-based standard ...