Special Report on
Financial Audit Reports
Financial Audit Reports - Trends
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Investors in today's markets are looking to accountants to provide greater information on a more timely basis. At the same time, information technology is dramatically reducing the time it takes to close a company's books and prepare financial statements. As a result of these trends, auditors are under increasing pressure to reduce the time it takes to complete the year-end audit. Researchers have suggested that the length of time between the end of the fiscal year and the end of fieldwork (called the audit report lag) is reflective of the efficiency of an engagement after considering other factors such as ...
We have previously blogged on the various stages of the relationship that a US company would travel through with a Foreign Business Partner, from the pre-relationship due diligence to the post-contract execution management. (See Here , Here and Here ) One of the key elements in all of these stages is a high level oversight of the process at all of these stages. This article will discuss the concept of a Foreign Business Partner Review and Oversight Committee. This concept appears to have found favor with the Department of Justice (DOJ), through its use in a Deferred Prosecution Agreement ... Read More
SURVEY RESULTS FOR
FINANCIAL AUDIT REPORTS
- pacific_soul FINALLY finished work & can relax. Damn financial audit reports are doing my head in!
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