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What Auditors Do

Withum

In two weeks, I will be teaching a graduate course on audit concepts and methods to accounting students at Fairleigh Dickinson University. However, my role is not just to teach the material but to excite them about accounting as a profession and auditing in particular and share my pride in the vital role auditors play in our ecosystem.

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The Difference between Bookkeeping and Accounting

SMBAccountant

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Accountants also support management in the implementation and monitoring of internal controls. to review performance and profitability.

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New Approaches to Audits Gain Ground

CPA Practice

Many experts predict that the years ahead will be fueled by financial fraud investigations and a heightened emphasis on the ability to conduct due diligence and ensure clear financial insights. As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent.

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Fraud Investigation for Small Firms

FraudFiles

The growth in forensic accounting and fraud investigation specialties has led accounting firms of all sizes to expand their practices to these areas. Is it as easy as it sounds to add forensic accounting to your firm’s competencies? It is a simple decision to start providing accounting services.

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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Fraud Investigations vs. Audits

FraudFiles

Many of the administrative parts of a forensic accounting or fraud investigation project are similar to those in a traditional auditing assignment. Traditional financial statement audits, however, are relatively similar from year to year unless a company has had a significant change in operations.

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Reconstructing Books and Records For a Tax Audit

FraudFiles

These are some of the most dreaded words an individual or business will ever hear from a state or federal tax auditor. Arguing about who and what to blame does not help the company combat an aggressive auditor. Lots of businesses have been guilty of the “shoebox method” of accounting or careless records retention.

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