Please note: This item is from our archives and was published in 2021. It is provided for historical reference. The content may be out of date and links may no longer function. Accounting for and ...

A balance sheet offers a glimpse into a company’s assets and breaks them into two categories: current and non-current assets. Current assets like cash equivalents and securities can easily be ...

Establishing the existence of a business's fixed assets and evaluating their value is an essential auditing task. Despite this, many businesses do not do a great job of keeping track of fixed assets.

Small businesses hold a wide variety of assets, which make up a large portion of a new company's balance sheet. During an audit, the audit team is required to verify management's assertion that these ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

The rapid rise of crypto assets has presented both opportunities and challenges for auditors, with regulators, practitioners, and businesses grappling to establish clear guidelines and procedures. 1 ...

“This non-authoritative guidance goes a long way in helping auditors consider the potential risks unique to the digital assets ecosystem and the skillsets needed to conclude whether to accept or ...

The AICPA on Thursday published nonauthoritative guidance on how to audit digital assets such as cryptoassets. The guidance was added to the free practice aid Accounting for and Auditing of Digital ...

An advisor called me up and asked whether it was appropriate if an auditor charged an asset-based fee for the audit. I didn’t say no, but I question the reasonableness as to why an auditor would ...