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.
Master the Audit of Accounts Payable and Expenses Now
One of the most important audit areas is accounts payable and expenses. This article tells you how to handle this critical part of your audit.
See Why Substantive Analytical Procedures are Powerful
Are you using substantive analytical procedures in your audits? Many auditors rely solely on tests of details when a…