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 ...

An audit is a systematic process of objectively obtaining and evaluating the accounts or financial records of a governmental, business, or other entity. Whereas some businesses rely on audits ...

SARBANES-OXLEY WILL MEAN BIG CHANGES FOR BOTH auditors and the companies they audit. The former now will be required to certify a company’s internal controls and will no longer be able to use certain ...

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 ...

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 ...

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

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 ...

The Department of Accounting & Information Systems covers the areas of financial accounting and reporting, auditing, taxation, management accounting, governmental and non-profit accounting, and ...

U.S. audit regulators are set to end yearslong inspection barriers to the work of public accounting firms headquartered in mainland China and Hong Kong after the Public Company Accounting Oversight ...

In two previous articles I wrote on accountability and the Public Accounts Committees (PACs) for these pages, I had discussed the critical need for rebuilding Pakistan’s system of parliamentary ...