Internal control enhances the reliability of financial reporting and helps to ensure that financial statements are free from major misstatements. This is important because stakeholders such as ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

We have been writing on the Conceptual Framework in response to the Financial Accounting Standards Board's announced intent to strengthen it. We've discussed the objective of financial reporting, the ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Financial statements are critically important for ...

On Friday, the Chair of the Securities and Exchange Commission Jay Clayton, the Commission’s Chief Accountant Wes Bricker, and the Chairman of the PCAOB William Duhnke issued a statement reaffirming ...

Financial accounting is a foundational discipline that involves the systematic measurement, recording, interpretation and communication of an organisation’s economic activities. Central to its ...

Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial ...

As lawyers, understanding how to read financial statements of clients you are working with will help you evaluate their financial health, allow you identify current and potential problems and possibly ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...