February 2021

Let’s dive deep into its fascinating world and discover why it’s a cornerstone of financial auditing. Even in industries with rigorous internal controls, a small degree of detection risk is always present, which highlights the necessity for continuous auditor vigilance. Audit failure occurs when an audit firm issues an unmodified opinion and the financial statements …

Unlocking the Audit Risk Model: Your Guide to Risk-Free Financial Auditing Read More »

Explore how blockchain technology is transforming accounting with enhanced transparency, efficiency, and real-time financial insights. This includes integrating data from a prior period as those data become available (accounting for subsequent events or adjusting for under/over applied overhead are examples). The ability for a double-entry accounting system to make such adjustments is crucial to its …

How Blockchain is Changing Accounting Practices Read More »