Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

Spotting financial statement fraud is crucial. Learn key signs and detection methods to protect your investments from risky ...

The International Auditing and Assurance Standards Board (IAASB) issued guidance on the auditor’s responsibilities when dealing with financial statements that involve the auditor’s own work.

The IAASB proposed changes to reporting on summary financial statements. The exposure draft for International Standard on Auditing (ISA) 810, Engagements to Report on Summary Financial Statements, ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Business decisions are often driven by data, so the accuracy and reliability of financial statements are paramount. One misstep in financial reporting can have far-reaching consequences, eroding ...

Change is the one constant. And 2022 is bringing changes for the accounting and auditing field as policymakers debate tax frameworks and standard-setters consider new reporting guidelines for ...

Finding (and keeping) the right people for financial reporting positions in public companies has always been challenging due to the complexity of regulatory compliance. Over the past several years, it ...

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

Policymakers lack the nuanced financial information on health systems they need to make consequential policy decisions, researchers argue in a recent report in the Journal of Healthcare Finance. The ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...