An audit engagement is a critical exercise for stakeholders such as employees, owners, investors and lenders. For the sake of efficiency, auditors must focus on standard audit tasks; they can't focus ...

Conducting regular audits can help a small business identify problems and highlight strengths within the business. Employing the use of an audit checklist will not only help a small business review ...

When tax season rolls around, neglected accounting tasks can haunt small business owners. It’s a pain to categorize income and expense transactions from memory or track discrepancies among hundreds of ...

We need to set up our firms to keep those who know what the bottom line was on their last audit, and especially those who know how their client makes money. We need to keep the people who will move us ...

NEW YORK -- HealthSouth Corp. paid more to accountants Ernst & Young to inspect its bathrooms and parking lots than it did to audit its financial statements from 2000 to 2002, the company said ...