by Elvis Amenyitor | Jun 20, 2020 | Uncategorized
Ability to make independent decisions: Auditors cannot allow themselves to be influenced by anyone, even when dealing with highly sensitive information. Strong attention to detail: Thoroughness and accuracy are essential. Understanding of different...
by Elvis Amenyitor | Jun 20, 2020 | Uncategorized
Financial audits are external review of a company’s financial reporting accuracy. Most audits are conducted by public accounting firms at specified time periods, such as quarterly or annual accounting periods for the purpose of the auditor giving opinion on the...
by Elvis Amenyitor | Jun 20, 2020 | Fraud and Forensic
The primary difference between financial and forensic audits lies in the purpose of the audit. A financial audit confirms the validity of a company’s financial records, providing investors and creditors with confidence in the financial information. Forensic audits...
by Elvis Amenyitor | Jun 20, 2020 | Accounting Articles
When a business seeks outside capital for major projects, this transaction will result in a liability being reported on the company’s balance sheet. In order to maintain a solid balance sheet to outside reviewers, companies will sometimes seek outside investment...
by Elvis Amenyitor | Jun 20, 2020 | Auditing
Audited financial statements are an important piece of information for investors and economists when judging the health of a company and the overall economy. Independent auditing firms are tasked with auditing companies and reviewing the application of generally...
