Auditing is undergoing a seismic shift, largely driven by the relentless march of technology. Driven by many of the same pressures and challenges facing the industry, auditors are moving away from ...

Traditionally, audits are supposed to be conducted at the end of a financial year. During that phase, trained auditors and chartered accountants run through, either partially or completely, thousands ...

Federal financial modernization has reached an inflection point in which traditional approaches to audit preparation are no ...

The sales and collections cycle in a business refers to the set of processes that begin when a customer purchases goods or services and ends when your business receives payment in full. As part of the ...

The profession now has a clear path toward achieving long-standing goals, including improved accuracy and more meaningful ...

The Uniform Voidable Transactions Act ("UVTA") lists five distinct tests for determining whether a voidable transaction (was: fraudulent transfer) occurred. Largely due to the poor statutory structure ...

The top-side journal entry is most susceptible to fraud by management override. It’s possible to make adjustments in subledgers, but this requires collusion with other organizational departments, ...