Withum

MAY 9, 2024

In two weeks, I will be teaching a graduate course on audit concepts and methods to accounting students at Fairleigh Dickinson University. In its simplest form, auditors provide an opinion on an organization’s financial statements. The following are some of the transferrable techniques auditors acquire.

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CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. These manual verification procedures are painstaking — and most often relegated to the audit professionals early in their career. By Tod McDonald.

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FraudFiles

AUGUST 31, 2022

Many of the administrative parts of a forensic accounting or fraud investigation project are similar to those in a traditional auditing assignment. For those who have played an active role in managing audit engagements, some of this information will be familiar.

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FraudFiles

DECEMBER 10, 2021

You are being audited. These are some of the most dreaded words an individual or business will ever hear from a state or federal tax auditor. Blame and shame have no place in a tax audit. Arguing about who and what to blame does not help the company combat an aggressive auditor. Recreating the Accounting Records.

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FraudFiles

MAY 16, 2022

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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ThomsonReuters

JANUARY 18, 2024

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. Recording expenses and preparing financial reports. Working with external auditors. Accountant vs. CPA vs. tax preparer: What are the differences? Recording disbursements and payments.

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FraudFiles

SEPTEMBER 20, 2021

Winning a case against an auditing firm when there is a sizeable fraud ( such as the Koss Corp. Simply because there is a fraud, a business failure, or a pyramid scheme collapse, the auditors are not necessarily at fault. How does a fraud go undetected by auditors? Technically speaking, auditors are not engaged to find fraud.

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