The Securities and Exchange Commission (SEC) requires public companies to issue financial statements. Before these statements become available to investors and the public, they need to undergo an ...

An external audit focuses on a company's performance and compliance, specifically in the areas of accounting and finance. Accounting records are commonly examined in an external audit to make sure no ...

New research indicates that external auditors are likely to rely on the work of internal auditors only under certain circumstances. Processing Content Professor James Bierstaker of the Villanova ...

Although external and forensic auditors often hold similar qualifications — typically as certified public accountants — and share a common understanding of foundational concepts like sampling, ...

With interactions between audit committees and external auditors a focus of a steady stream of news recently, a new tool has been developed to assist audit committees in annual evaluations of external ...

Although internal audit, external audit, and audit committees have different roles, their duties often intersect. External auditors may use the work of internal auditors to the extent this is ...

After two motions for reconsideration of an adverse Supreme Court decision (an action that is allowed only under ...

According to a global survey of business leaders conducted by KPMG and Forbes Insights, nearly all executives (98%) say their external audit firm uses advanced technology extensively. There’s little ...

Better communication among internal and external auditors and audit committee members can ease some of the tensions, according to a new report. The report, from the Institute of Internal Auditors and ...

LONDON (Thomson Reuters Regulatory Intelligence) - As more large firms go bankrupt in the UK, external auditors and the body that oversees them, the Financial Reporting Council (FRC), continue to be ...

Business owners often spend copious amounts of time managing their company's financial information. Accounting is the primary tool for recording, reporting and analyzing financial information.