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…
How to Understand Unmodified and Modified Audit Opinions: A Video
In this video, I explain unmodified, qualified, adverse, and disclaimed audit opinions.
Understand the Audit Differences for Supplementary Information, Other Information, and Required Supplementary Information
What are the differences in supplementary information, additional information, and required supplementary information? Does the audit opinion change for…
Finish Audits On Time: 8 Steps for Success
How can you finish audits on time? If firms cannot complete audits, they cannot bill (at least not entirely)–and…