The Center for Audit Quality and the Audit Committee Collaboration have updated the External Auditor Assessment Tool, a resource that helps audit committees better evaluate audit firms. The tool ...

The Securities and Exchange Commission (SEC) requires public companies to issue financial statements. Before these statements become available to investors and the public, they need to undergo an ...

An external audit focuses on a company's performance and compliance, specifically in the areas of accounting and finance. Accounting records are commonly examined in an external audit to make sure no ...

Academic research in internal audit provides best practices and pertinent information for external and internal auditors. Below, we summarize recent internal audit research from leading academic ...

As a business owner, an external audit may seem a costly, unnecessary service. A privately held company is under no legal obligation to provide an external review of the company's financial statements ...

Although internal audit, external audit, and audit committees have different roles, their duties often intersect. External auditors may use the work of internal auditors to the extent this is ...