Certified financial statements are accounting statements that have been certified by an independent accounting firm. Learn how they are used in corporate finance.

Discover how audit trails trace financial data, ensure compliance, and detect fraud. Learn their importance in accounting, ...

Instead of viewing audits as a defensive exercise, more business owners are recognizing the value of conducting a voluntary ...

An audit of Millcreek Township's 2023 finances revealed accounting errors including improperly recorded fund transfers. The township's trial balance was also found to be incorrect due to issues ...

Financial Statements Office of Management and Budget (OMB) 2 CFR 200 Uniform Guidance states that entities that expend $750,000 or more in a year in federal funds are required to have a single audit.

Robert E. Hylas, Robert H. Ashton, Audit Detection of Financial Statement Errors, The Accounting Review, Vol. 57, No. 4 (Oct., 1982), pp. 751-765 ...

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards ...

Shell has backed its financial statements for 2023 and 2024 after its auditor Ernst & Young informed it that it had not met U.S. auditor independence rules during the period. The British energy ...