Auditing
FEATURED ARTICLES
All articles in this category pertain to auditing. Whether internal or external, auditors play a major part in an organization’s preparation and review of its financial statements. Internal auditors help larger organizations monitor and improve their controls to mitigate fraud, operate efficiently and report accurately. External audits are performed by an accounting firm and end with the auditors’ opinion of the financial statements.
Public companies are required by the SEC to have an annual audit of their financial statements and controls. One broad rule does not exist for private companies, but they may be required by any of their stakeholders to have an annual of their financial statements and/or controls as well. The information in this category can help you prepare for an audit through examples, tips, software suggestions, and more.
Learn more about auditing below.
Recent articles
How to Navigate a Remote Audit
The post "How to Navigate a Remote Audit" appeared first on EideBailly.com. There is no question that the COVID-19 pandemic has changed the business landscape. One thing that hasn’t changed, however, is your annual audit requirement. Some of the most significant...
Find Material Misstatements Before They Find You
Learn the material misstatements auditors need to keep an eye out for.
Significant risks in an audit
This article explains the significant risks of an audit and how to identify potential pitfalls.
Recent Auditor Report Changes – What Do They Mean For Not-for-Profits?
As a follow-up to our recent Not-for-Profit Symposium, we’re looking at the new auditor’s report changes and why these matter for not-for-profits. To synchronize and better align with international reporting standards, the AICPA Auditing Standards Board (ASB) issued...
Internal auditors prepare for post-pandemic risks
Internal auditors are keeping a close eye on emerging risks as the COVID-19 pandemic continues, with cybersecurity at the top of the priority list.A new survey by AuditBoard, a provider of cloud-based audit, risk and compliance management technology, polled a group of...
Major Changes to the Auditor’s Report
If you are a user of audited financial statements, you should be aware that the auditor’s reports for 2021 calendar year end audits will have a new look.The AICPA Auditing Standards Board (ASB) has issued a suite of standards that affect the auditor’s report:...