Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

An AICPA committee leader testified last week at the public hearing by the Department of Labor’s ERISA Advisory Council, “Beyond Plan Audit Compliance: Improving the Financial Statement Audit Process.

The Covid-19 pandemic has forced companies to make significant changes to their internal audit processes and how they prepare for external auditors to review their financial statements. A recent ...

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

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA and Thought Leader in the Financial Field. As a business owner, conducting year-end financial audits is more than a ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...

In its June 23, 2025, memorandum (M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve "), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural ...

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 ...

When a regional logistics company received an unsolicited buyout offer from a national competitor, the owners were intrigued. Just as negotiations began, the buyer’s team requested audited financials.

The Pentagon failed its eighth consecutive financial audit and says it is still working toward a clean opinion by 2028, keeping pressure on defense accountability and oversight.

The Securities & Exchange Commission, investors and your business partners will regularly seek an audit of your records to determine if they are an accurate measure of your holdings and financial ...