An engagement letter memorializes conversations between a client and CPA firm regarding the services to be provided by the firm and each party’s responsibilities in writing. Simple enough, right?

Fraud is a serious concern that can have devastating consequences. With uncertainty about the economy — be it a recession, a soft landing, or something else — there may be no better time than now to ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...