The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement. ...

Spotting financial statement fraud is crucial. Learn key signs and detection methods to protect your investments from risky ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. We often hear about failed financial statement audits at ...

A state audit noted errors in city of Vancouver’s 2024 financial statements. “Our audit identified deficiencies in the city’s internal controls that hindered its ability to produce accurate financial ...

To review why audit reports are significant and to understand the various types of reports that can be issued, let's begin with an explanation. An audit report represents an independent evaluation of ...