Preparing for an incurred cost submission audit can seem like quite a major challenge for any government contractor. The Defense Contract Audit Agency conducts these audits and can make even the most ...

If you’re a federal contractor whose fiscal year ended Dec. 31, and you do business with the Dept. of Defense (DoD), this could very well be crunch time for your company, with the deadline for ...

Auditing costs are going up for companies, in part due to new accounting standards for revenue recognition and leases, according to a new survey. Processing Content The survey, by FloQast, a provider ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...