All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year, independent accountants review a ...

An effective definition of audit quality should encompass two key factors, the Center for Audit Quality (CAQ) told the PCAOB in a comment letter dated May 13. The CAQ, which is affiliated with the ...

According to the Definition of Internal Auditing in The Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF), internal auditing is an independent, objective ...

When a company first goes into business, it chooses the yearly reporting period for tax purposes. Fiscal auditing periods may start during any month. For example, perhaps your employer has a fiscal ...

The monitoring and evaluation of the progress of a capital investment project through a comparison of the actual cash flows and other benefits with those forecast at the time of authorisation.

In this interview, Prof Humphrey, a member of Sir Donald Brydon’s advisory board, offers his own reading of the Brydon report, explaining the significance of Brydon’s conceptual reframing of audit and ...

The International Ethics Standards Board for Accountants released an annual update of its ethics code handbook to reflect the latest changes in auditing and quality management standards. The 2023 ...