The American Institute of CPAs’ Auditing Standards Board has issued a new auditing standard on internal control and an interpretation related to the sustainability financial statements used by the ...

The International Auditing and Assurance Standards Board has released ISA 810 (Revised), Engagements to Report on Summary Financial Statements. The standard deals with the auditor’s responsibilities ...

Although The U.S. Constitution stipulated that “a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time,” it took more than 200 years ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

FEW ISSUES INVOLVING THE PREPARATION of financial statements in conformity with generally accepted accounting principles have been more elusive and difficult to address and resolve—or of greater ...

More than just paperwork, audited financial reports show that the numbers for your business add up. Knowing what goes into an audited statement and why it matters can help you gain confidence with ...

Discover how an attorney's letter helps verify litigation details in audits, ensuring financial transparency and compliance with accounting principles.

Forbes contributors publish independent expert analyses and insights. Robert Eccles writes about sustainability in the capital markets. COP 26 will begin in three days. There are many topics that will ...

Accountants preparing and auditing financial statements for U.S. companies stand a good chance of encountering IFRS. The SEC requires financial statements to be filed in U.S. GAAP, and U.S. users of ...

There are four key financial statements your company may have: a balance sheet, income statement, cash flow statement and statement of owners' or shareholders' equity (retained earnings). A balance ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As a manufacturer, your enterprise resource planning (ERP) system is important software that ...