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 Covid-19 pandemic has forced companies to make significant changes to their internal audit processes and how they prepare for external auditors to review their financial statements. A recent ...

When a regional logistics company received an unsolicited buyout offer from a national competitor, the owners were intrigued. Just as negotiations began, the buyer’s team requested audited financials.

Fewer than one-third of audit committees implement a majority of practices that lead to higher ratings of the financial audit process, according to a report by J.D. Power and Associates. While audit ...

In its June 23, 2025, memorandum (M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve "), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural ...

The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

Companies can use financial audit software to determine whether there are significant misstatements in their financial accounts. An audit is a legal obligation for businesses to stay out of fraud.

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

The Indiana State Board of Accounts reviewed and released the Gary Chicago International Airport Authority’s audit for 2022. The organization released the audit on Dec. 18 and called special attention ...

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.