An external audit focuses on a company's performance and compliance, specifically in the areas of accounting and finance. Accounting records are commonly examined in an external audit to make sure no ...

Accounting and auditing are both related to finance, but they are not the same thing, and the distinction between them is important to understand. Generally speaking, accounting is defined as managing ...

Some important themes are emerging in auditors’ reporting of critical audit matters, which are the key component of the biggest change to public company auditor reporting in 70 years. Goodwill and ...

After revolutionizing tax and accounting over the course of decades, technology finally looks poised to reshape the third major service of the traditional accounting practice: the audit. Processing ...

SEC chairman Paul Atkins at AICPA Conference on Current SEC and PCAOB Developments The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international ...

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

While there is some correlation between critical audit matters and critical accounting estimates included in management’s discussion and analysis, it is certainly not a one-to-one relationship, SEC ...

For companies that are reporting on a calendar year and have completed their audit, CFOs have recently received or will shortly receive a management letter from their auditors. The management letter ...

The UK’s Financial Reporting Council (FRC), the regulatory watchdog for the accounting industry, has set a deadline of June 2024 for the Big Four accounting firms to separate audit practices from the ...

This is part one of an analysis of the Audit of the Consolidated Fund of the Government of Bermuda for financial years 2010, 2011, 2012 by a former auditor. This holiday season has arrived at the end ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Pakistan is rapidly transforming its public sector auditing process through digital innovation, a move aimed at strengthening ...