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…
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…
SAS 143, Auditing Accounting Estimates
In this article, I explain SAS 143, Auditing Accounting Estimates and Related Disclosures, a new audit standard applicable for periods ending…
Are You Over Auditing and Wasting Time?
Are you over auditing? In this article, I explain how you can stop over auditing and wasting precious time….
Segregation of Duties: How to Overcome
Segregation of duties is key to reducing fraud. But smaller entities may not be able to do so. Today,…