The International Auditing and Assurance Standards Board has released for public comment proposed changes to the International Standards on Auditing to clarify the expectations of auditors when ...

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

Quarterly financial statements provide more timely financial data to internal and external stakeholders, although the scope of quarterly statements is a bit limited compared to annual balance sheets, ...

The American Institute of CPAs’ Auditing Standards Board has issued a new auditing standard on internal control and an interpretation related to the sustainability financial statements used by the ...

Although The U.S. Constitution stipulated that “a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time,” it took more than 200 years ...

As Vince Lombardi said, “Individual commitment to a group effort—that is what makes a team work, a company work, a society work, a civilization work.” I would add to this that an individual firm’s ...

When it is time to bring in an external audit firm — perhaps because lenders, investors or a regulatory body triggered the need to audit your financial statements — preparation and responsiveness are ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

The AICPA Auditing Standards Board (ASB) issued for public comment a proposed standard addressing the auditor’s responsibilities relating to fraud. The ASB voted in May to issue the exposure draft of ...