How to Know When to Send Bank Confirmations
Should you always send bank confirmations? Bank confirmations are not a required audit procedure, yet many firms always send…
How to Use Audit Walkthroughs to Find Control Weaknesses
What is the purpose of audit walkthroughs? How do you document walkthroughs? Is it better to use checklists, flowcharts…
Understand U.S. Accounting and Auditing Standards Now
What accounting and auditing standards do accountants follow in the United States? And who issues them? Understanding these standards…
See How Opinion Units Affect Governmental Audit Planning and Opinions
Most governments have multiple opinion units requiring unique audit plans. Below, I explain how governments use two different measurements…
Are Your Work Paper Dates Revealing Incorrect Audit Sequences?
Audit file work paper dates are telling. They can tell us something good, or they can tell us something…
Learn How to Test Journal Entries to Detect Fraud
Here’s a video explaining how to test journal entries as an auditor. By doing so the right way, you…
Understand Segregation of Duties and How to Create It
What is segregation of duties and how can you achieve it? In this post, I answer these two questions….
How to Address Accounting Changes and Errors with GASB 100
Does your government ever have accounting changes or error corrections? If yes, know that GASB 100, Accounting Changes and…
How to Understand Unmodified and Modified Audit Opinions: A Video
In this video, I explain unmodified, qualified, adverse, and disclaimed audit opinions.