Public Company Accounting Oversight Board member Jeanette Franzel told a group of accounting educators that lack of professional skepticism is one of the main reasons for the prevalence of audit ...

For companies that are financially distressed, audit partners who rate higher on professional skepticism are more likely to publicly issue audit reports that question the viability of those companies, ...

Internal audit leaders in an annual survey reported staff and budget cuts in 2025 that rivaled levels observed during the 2008–2009 financial crisis, but they also shared a potential key to ...

The ways we work, communicate and connect have greatly evolved thanks to innovations that make it possible for organizations to operate in a more efficient and rapid manner. COVID-19 has pushed more ...

The main objective of an audit is to give a true and fair view of a company's state of affairs at a given date. Preparation of the audit report is the last step of an audit cycle. The report renders ...

An audit report is an appraisal of a small business's complete financial status. Completed by an independent accounting professional, this document covers a company's assets and liabilities, and ...