Most companies, big and small, are subject to an audit at some point. Auditors can focus on one or more areas, such as your financial statements, compliance, tax information or business operations.

STATEMENT ON AUDITING STANDARDS (SAS) no. 96, Audit Documentation, marks the first big change in the requirements auditors must observe when documenting their audit work. It provides general guidance ...

The days of handwritten ledgers and canceled paper checks largely disappeared with the 20th century. Today's auditor inspects, examines and relies on a financial trail made up of partially or even ...

A new standard on audit evidence issued Thursday by the AICPA Auditing Standards Board (ASB) modernizes private company auditing standards by recognizing the critical value technology and information ...

The financial information company Sageworks has introduced two new modules for its Analytical Procedures software that will help accounting firms automate audit work for government entities and ...

IMGCAP(1)]By definition, analytical procedures involve a process of analytically detecting ways to decrease time and increase efficiency. This process can appear daunting at times because of the ...