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Audits Are a Joke and Here’s Why According to a Salty Old Industry Veteran

Going Concern

Those of us who’ve worked or even simply seen behind the curtain of audit know the things he points out to be true — assurance is reasonable not absolute , financial statements are the responsibility of management not auditors, “finding fraud” is not the ultimate goal of audits — but do investors?

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Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24

Going Concern

She’s spent more than two decades at AT&T, steadily working her way up to the C-suite from a role as an accounting manager. We included additional clarification that an auditor’s professional skepticism extends to other information that is obtained to comply with PCAOB standards and rules. Just want to add this screenshot.

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Preparing for Your First Audit – Steps to Follow for Consumer Products Companies

Withum

This individual is often the Company’s CFO, Controller, Accounting Manager, or an individual significantly involved in the day-to-day accounting function of the company. Establish Expectations and an Open Line of Communication With Your Auditor Communication can make or break an audit.

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Here Are Even More 2024 Accounting Salary Projections

Going Concern

The post Here Are Even More 2024 Accounting Salary Projections appeared first on Going Concern.

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Top Remote Accountants of the Week | May 2, 2024

Going Concern

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

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Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

If you have paper timecards and an auditor walked in today to check them, would they see yesterday’s completed as required? Approved purchase orders provide great supporting documentation for approval of purchases, as well as help accounting manage cash flow and billing. Does your documentation prove that?

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Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

If you have paper timecards and an auditor walked in today to check them, would they see yesterday’s completed as required? Approved purchase orders provide great supporting documentation for approval of purchases, as well as help accounting manage cash flow and billing. Does your documentation prove that?