Internal audit is a systematic approach to evaluate the company's internal controls, regulatory and corporate compliance, and accounting processes.

The Office of Management and Budget (OMB) just released the December 2020 addendum for the August 2020 Compliance Supplement.  Auditors who performed single audits for clients have been anxiously awaiting this addendum

A form of leadership in which individuals demonstrate conduct for the common good that is acceptable and appropriate in every area of their life in called Ethical Leadership. In simple words, ethics is doing the right thing.

For auditors performing calendar year-end audits, the December 31, 2020 audit cycle will present unknown COVID-19 related challenges, in addition to the ‘normal’ challenges faced by auditors.  This blog post will highlight some areas fo

The amount that is due or to be paid to the creditors or suppliers of goods and services to the business is called accounts payable.

Earlier this year the AICPA Accounting Standards Board (ASB) issued a standard creating a new type of engagement, known as a Direct Examination Engagement.  The name of the standard creating this type of engagement is the Statement on Standards for Attestation Engagem

Virtually every CEO or business owner knows how to read their company’s income statement – Revenue, then Gross Profit, then Operating Profit, then Net Profit.