Managers who prepare financial statements from company records according to standard accounting procedures make assertions about the data in the statements. For example, management asserts that each ...

Discover how negative assurance works in auditing, confirming accuracy without contrary evidence, and why it's vital when ...

Auditors are expected to comply with the requirements in AU-C Section 240, Consideration of Fraud in a Financial Statement Audit, in conducting financial statement audits. As academics who perform ...

2023 is a transitional year for sustainability data. IFRS, the global accounting standards body, has been remarkably clear: By January 2024, companies should be using accounting-based standards to ...

Financial statement assertions can be essential to a business owner who wants to get a loan. Every business has a variety of different financial reports it can use as proof to lenders that what it ...

TO HELP AUDITORS COPE WITH THE ISSUES surrounding the explosive growth in information technology use, the ASB issued SAS no. 94, The Effect of Information Technology on the Auditor’s Consideration of ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

The Blood Bank of Alaska said Wednesday federal auditors found "no validity" in allegations brought against it by whistleblowers, but an accusation that falls under an area not regulated by the Food ...