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.