Managers who prepare financial statements from company records according to standard accounting procedures make assertions about the data in the statements. For example, management asserts that each ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

When a business is audited, the reviewer job is to ensure that management's assertions in the financial statements are verifiably true. To assess the validity of these claims, the auditor will conduct ...

Editor’s note: This is the third article in a four-part series that is part of a larger initiative the AICPA Auditing Standards Board (ASB) has undertaken to understand and support technology use in ...

The American Institute of CPAs’ Auditing Standards Board has released a new standard for audit evidence for private companies, updating the existing standards in recognition of the increasing role ...