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…
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…
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.
How to Audit Equity and What’s Important
Auditing equity can be simple, but it can be complex in some organizations. This article shows you how to audit equity regardless of the level of complexity.
See Why Auditing Debt Correctly is Important
Debt can easily be the most significant liability of a company. That’s why it’s essential to understand the risks of material misstatement in this area and how to respond.
Auditing Investments the Right Way by Understanding Risks
Different types of investments create different types of risk. So, our audit responses should vary accordingly. See how to audit investments in this article.
Know How to Audit Receivables & Revenues
Receivables and revenues is a critical audit area. Read this article to learn how you can properly address this part of your audit.
How to Audit Cash: A Comprehensive Guide for Accountants
Learn about common relevant cash assertions, primary risks, control deficiencies, and proper audit responses.