Financial audits get a bad rap. While certainly meticulous and often stressful, an audit shouldn't invoke absolute angst or dread in corporate finance teams. With the right preparation and mindset, ...

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 ...

Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with ...

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 ...

“There are a variety of use cases for AI in accounting,” Joynt said. “According to Deloitte’s Finance Trends 2026 report, 63% ...

A forensic audit is an examination of a firm's or individual's finances to derive evidence that can be used in a court of law or legal proceeding.

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 ...

Payroll audits can be beneficial to your business. Learn how to conduct one with this step-by-step guide and get software recommendations.

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 ...

A climate of psychological safety is an important prerequisite for effective interpersonal relationships among audit team members and for audit teams to properly meet their fiduciary responsibilities.