Accounting Tools

DECEMBER 12, 2023

What is Audit Evidence? Audit evidence is the documentation collected by an auditor as part of his or her review of the financial accounts, internal controls , and other matters needed to certify a client’s financial statements. The types of audit evidence gathered usually encompasses the items noted below.

Auditing 40

Auditing Financial Statements Collections Financial Records 40

Accounting Tools

MAY 21, 2023

Journal entries and attached documentation should be retained for a number of years, at least until there is no longer a need to have the financial statements of a business audited. The minimum duration period for journal entries should be included in the corporate archiving policy.

General Ledger 75

General Ledger Financial Statements Accruals Payroll 75

Accounting Tools

OCTOBER 14, 2023

Statements of position are intended to revise or improve upon the guidance included in previously-issued audit guides and accounting guides, as well as to provide guidance on specific audit topics. The last statement of position was issued in 2013.

Auditing 40

Auditing Financial Accounting Accounting Accounting 40

Intuit

NOVEMBER 20, 2023

Auditing: Even though CPAs are experts in diligently keeping track of every transaction to and from a company, the reality is that sometimes things fall through the cracks, and finances may come up short. This is a four-part assessment that will test your skills as an accountant.

CPA 130

CPA Bookkeeping QuickBooks Tax 130

Accounting Tools

OCTOBER 8, 2023

In descending order, the levels are as follows: FASB Statements of Financial Accounting Standards and Interpretations, FASB Staff Positions, and AICPA Accounting Research Bulletins and Accounting Principles Board Opinions that are not superseded by actions of the FASB.

Auditing 40

Auditing Financial Reporting Financial Accounting Accounting 40

Accounting Tools

JUNE 11, 2023

An accounting standard is a document issued by a rule-setting body, stating the manner in which accounting transactions are to be recorded and reported. The entities that most commonly issue accounting standards are the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).

Accounting 40

Accounting Accounting Financial Statements Financial Reporting 40

Cloud Accounting Podcast

JANUARY 26, 2020

Bloomberg Tax 26:55 – More new accounting standards equals ever-rising audit fees | Accounting Today 28:17 – What you need to know about tax-zapper software !

Accounting 40

Accounting Accounting Budgeting Auditing 40