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Category: Assurance

Committee Concerns

Top Audit Committee Concerns Per A New Survey

Audit committees act as gatekeepers over the accounting and financial reporting processes, including the effectiveness of the organization’s control environment. However, as the regulatory landscape becomes increasingly complex and organizations

Committee Concerns

Strategies For Effective Inventory Management

Inventory is a key balance sheet item for many organizations. Depending on the nature of your operations, inventory may include raw materials, work-in-progress (WIP) inventory, and finished goods. While you

Committee Concerns

WIP Insight: A Modern Audit Perspective

External auditors dedicate significant time during fieldwork evaluating how organizations report work in progress (WIP) inventory. This focus is critical because accurately reporting WIP helps ensure transparency and reliability in

Committee Concerns

Tips & Practices To Help Reduce Billing Bottlenecks

In today’s unpredictable economic landscape, managing accounts receivable presents notable challenges. To maintain your organization’s financial well-being, it’s essential to periodically reassess your billing and collections procedures, striving for efficiency

Committee Concerns

Shining A Light On Auditor Independence

Auditor independence is very important in the accounting profession. Auditors’ make a commitment to follow the standards set forth by the American Institute of Certified Public Accountants (AICPA), the Securities