Financial statements provide managers, shareholders and potential investors with the information they need to determine the financial health of an organization. The preparation of financial statements ...

Quarterly financial statements provide more timely financial data to internal and external stakeholders, although the scope of quarterly statements is a bit limited compared to annual balance sheets, ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

The International Auditing and Assurance Standards Board has released for public comment proposed changes to the International Standards on Auditing to clarify the expectations of auditors when ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

The Department of Defense (DOD) is America’s oldest and largest government agency, with a military that traces its roots back through the Departments of War and the Navy to prerevolutionary times.

Pursuant to requirements established by the Government Management Reform Act of 1994, the Office of Inspector General engaged the independent public accounting firm of KPMG LLP (KPMG) to perform the ...

The pace at which many businesses need to anticipate and adapt to change continues to be unparalleled. As a result, the role of corporate governance and oversight is continually expanding—and ...

The completion of the audited financials represents a major milestone in the Board’s oversight and commitment to the airline’s long-term sustainability. It also reinforces the airline’s transparency ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

The coronavirus pandemic has the potential to create significant changes for CPAs who prepare company financial statements — and for auditors as well. In the face of disruptions to global supply ...

New research finds that audit firms are co-defendants in only 20% of lawsuits alleging financial misreporting, according to a study forthcoming in Contemporary Accounting Research. Company management ...