Over nearly 22 years, we have consistently criticized financial accounting’s status quo and its practitioners, including regulators, auditors and educators. To our disappointment, GAAP and its ...

Discover the audit cycle process, from identification to management review, and learn how it ensures accurate financial ...

The sequence of accounting procedures is also referred to as the accounting cycle. The process of going from sales to end-of-month statements has several steps, all of which must be executed correctly ...

Hoping to jar managers and accountants out of their comfortable but complacent mindset, our October column kicked off a series criticizing the way things are. Here’s our premise: The status quo’s ...