Client Acceptance: How to Do It Right
Client acceptance and continuance may be the most critical step in an audit, but it’s one that gets little…
Understand Single Audits in Five Minutes: a Video Overview
Here’s a Single Audit overview in five minutes. This video provides an overview of what a Single Audit is…
See Why a Test of Controls Can be Helpful or a Waste of Time
Auditors sometimes waste precious time testing controls when it may not be necessary. But in some engagements, it may be needed.
See Payroll Audit Mistakes and Right Approaches
Learn to audit payroll with this article. Sometimes, payroll is more than 50% of your expenses, so it’s important that you address this appropriately.
When is a Gift a Bribe?
When is a gift a bribe?Vendors often give sporting event tickets to clients. Or maybe they take them out…
Understand Engagement Quality Reviews and Monitoring and Remediation
The new quality management standards include (1) engagement quality reviews and (2) monitoring and remediation. So what are these,…
AICPA Quality Management: Why You Need to Start Now
All firms performing any engagement in an accounting and auditing practice must comply with the new Quality Management (QM) standards,…
Audit or Tax, Which is the Better Job?
Should you work in tax or audit?If you’re near graduation, you may wonder, “Which is best for me? Tax…
See How to Audit Journal Entries: AU-C 240
Journal entry testing is required in all audits. Why? The use of journal entries to manipulate financial statements is…