An audit is the highest level of assurance a CPA firm can provide that the financial statements follow the generally accepted accounting principles (GAAP), or some other reasonable basis of accounting ...

Retirement plan audits are required by law and sizable penalties exist for companies that fail to meet their obligations. Some companies try to save on the cost of audits by using their existing tax ...

Internal auditors may need to change their approach to audit planning to keep up with unexpected and fast-paced changes in risks, a new global survey shows. Most internal audit departments are not ...

Whether your firm is small or one of the largest organizations in the country, it pays to develop and maintain a strategic audit plan, according to Lorin Venable, CPA, CGMA. As assistant inspector ...

Investors, business owners, management and company employees rely on valid accounting methods for the stability of investments and an accurate assessment of the overall company health. All companies, ...

The American Institute of Certified Public Accountants (AICPA) issued a new audit standard for employee benefit plans in July 2019. The new standard is commonly referred to as SAS 136, but its ...

The DOL’s Employee Benefits Security Administration (EBSA) released a report assessing the quality of audit work performed by certified public accountants with respect to financial statement audits of ...

Aggregated qualified retirement plan audit data from the Department of Labor (DOL) shows that, of the 3,677 investigations closed in 2013, violations were found nearly 73% of the time. Beyond plan ...

A forensic audit is an examination of a firm's or individual's finances to derive evidence that can be used in a court of law or legal proceeding.