The generally accepted accounting principles give an accounting guideline that allows third parties to fairly evaluate account records. The Federal Accounting Standards Advisory Board keeps a handbook ...

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...

Have you ever found yourself staring at two Excel sheets, trying to figure out why the numbers just don’t add up? Reconciling your bank statement with your accounting records can feel like searching ...

When you’re running a business, you have to pay close attention to the numbers. Customer traffic, orders, profits and losses — all of these numbers are crucial to your business. That’s why it’s ...