filed in Fraud on Aug.04, 2009
Fraud - n. A deception deliberately practiced in order to secure unfair or unlawful gain.
While a financial statement audit is not designed to detect fraud, it is one aspect of the company that any auditor is going to consider. In fact, most engagement letters and the corresponding representation letter you will provide to your auditor [...]
filed in Not-For-Profit (non-profit) Accounting on Apr.21, 2009
It is so important for nonprofit organizations to use every resource available to them. One that is often overlooked is the Not-For-Profit Section of the Arizona Society of CPAs. I’ve served on their committee for a couple of years now, and I am excited about the direction they are headed.
There mission is clear: To represent, [...]
filed in Not-For-Profit (non-profit) Accounting on Feb.24, 2009
One question has stayed constant in my twenty-five years of audit and accounting service: What is the difference between and audit, a review, and a compilation?
These three levels of service provided by public accountants have one common requirement, the accountant or auditor must have a pervasive attitude of professional skepticism. We must question anything that [...]
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