A new study attempts to understand how financial statement auditors detect, resolve, and deal with the aftermath of material misstatements in companies’ financial statements. We often hear about ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...

The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

State says South Bend schools errors "can diminish overall confidence in ... financial management." Local officials say many issues already addressed.

Credit losses represent a significant area of focus in financial statement audits. As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating ...