Financial statements provide managers, shareholders and potential investors with the information they need to determine the financial health of an organization. The preparation of financial statements ...

The guidance helps CPAs assess AI risks, controls, audit responses and tool use.

New technology innovations, when embedded into audit practices and processes, can provide organizations with business insights that go beyond the core audit. Lara Abrash, national managing partner, ...

Quarterly financial statements provide more timely financial data to internal and external stakeholders, although the scope of quarterly statements is a bit limited compared to annual balance sheets, ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

US DoD Comptroller David L. Norquist discusses the defence budget during testimony on the fiscal year 2018. Credit: DOD photo by Army Sgt. Amber I. Smith. The US Department of Defense (DoD) has ...

The Department of Defense (DOD) is America’s oldest and largest government agency, with a military that traces its roots back through the Departments of War and the Navy to prerevolutionary times.

Pursuant to requirements established by the Government Management Reform Act of 1994, the Office of Inspector General engaged the independent public accounting firm of KPMG LLP (KPMG) to perform the ...

KPMG LLP (KPMG), our contract auditors, planned and performed an audit of the combined financial statements of the Southwestern Federal Power System as of and for the year ended September 30, 2018, in ...