Posts Tagged ‘auditor’
What are independent auditors?
Indpendent CPA auditors are like referees in the financial reporting arena. The CPA comes in, does an audit of the business’s accounting system and methods and gives a report that is attached to the company’s financial statements. Publicly owned businesses are required to have their annual financial reports audited by independent CPA firms and any [...]
Accounting Auditing Careers
Within the accountancy field, there are several career choices and that includes accounting auditing career. Auditors play a very important role especially in the business industry. They perform various tasks that are considered essential to the financial matters of any business. A present, there is a great demand for company auditors and according to the [...]
What is the Sarbanes-Oxley Act?
The Sarbanes-Oxley Act of 2002 is a United States federal law passed in response to the recent major corporate and accounting scandals including those at Enron, Tyco International, and WorldCom (now MCI). These scandals resulted in a decline of public trust in accounting and reporting practices. Named after sponsors Senator Paul Sarbanes (D-Md.) and Representative [...]
Accountancy Auditing Careers
Within the field of accounting, there are a lot of career choices and accountancy auditing careers is just one. Auditing is very important and it is considered as an integral part of business finances. Auditors are greatly needed to examine, analyze, and verify the business finances. The Bureau of Labor claims that accountancy auditors are [...]
What does an audit report contain?
Most audit reports on financial statements give the business a clean bill of health, or a clean opinion. At the other end of the spectrum, the auditor may state that the financial statements are misleading and should not be relied upon. This negative audit report is called an adverse opinion. That’s the big stick that [...]