Accounting Category: Auditing

Accounting Articles

January 22, 2017

Underreporting hours may not be seen as a significant issue, but there are very good reasons why audit firms have policies prohibiting it. In this article, we will talk about underreporting time, how it is impacted by auditor experience and professional commitment, and what can be done to reduce underreporting time by less experienced auditors.

January 15, 2017

Work-life balance and attractiveness of public accounting have been big topics. A lot of people and companies are talking about them. Has there been any improvement in these areas in audit firms? A recent research article looks at this question.

March 22, 2016

Internal auditing serves important functions in organizations. However, internal audit positions may not attract top quality job candidates. This article discusses a recent study aimed at understanding perceptions of external auditors on internal auditing.

November 8, 2015

In this article, we look at the impact of auditor trust to company management (by considering the social capital) on audit fees.

November 1, 2015

This article provides some examples of how trend analysis can be used in accounting and auditing.

October 24, 2015

Trend analysis may be a helpful tool to analyze various financial data. In this article, we will review trend analysis and how it can be used in accounting and management.

September 19, 2015

Financial statements should be free of errors. Error-free financial statements allow efficient decision-making and help to avoid reputational scandals and penalties. However, no one is perfect and errors still occur. In the article below, we will discuss what the most common errors in financial statements are and how to avoid them.

May 16, 2015

Should a reasonable investor be influenced by a 5% error in net income? Or would a 10% variation make a difference to the investor? The answer is related to the concept of materiality. In this accounting article we define materiality, list a few possible approaches to calculating materiality, and provide examples of the application of the materiality concept in accounting.

December 4, 2013

Fraud related to pocketing cash is not uncommon. One of the ways to steal cash used by fraud perpetrators is lapping schemes. In this article, we review how lapping schemes work and how they can be limited or prevented in your company.

May 6, 2012

Learn about Sarbanes-Oxley Act (SOX), its provisions and impact on public companies and their auditors.

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