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

An auditor's opinion on the financial statements is expressed in the form of an auditor's report. In the best case, the auditor finds that the financial statements are in accordance with generally ...

The last thing auditors want to do is sign off on financial statements that aren't correct. To avoid this situation, auditors when designing audit procedures evaluate the risk of the company ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

A climate of psychological safety is an important prerequisite for effective interpersonal relationships among audit team members and for audit teams to properly meet their fiduciary responsibilities.