How Auditors Use Analytical Procedures

In November 2017, the American Institute of Certified Public Accountants (AICPA) published an updated audit and accounting guide on analytical procedures. The use of audit analytics can help during the planning and review stages of the audit. But analytics can have an...

Should non-GAAP measures be audited?

U.S. Generally Accepted Accounting Principles (GAAP) are a set of rules and procedures, created by the Financial Accounting Standards Board (FASB), that accountants typically follow to record business transactions. Private companies generally aren’t required to follow...