Audit is losing value in the eyes of our clients. It’s becoming a commodity. That decline in value corresponds to a lack of relevance. Business moves fast today, so how relevant is a set of financials ...

Accounting and finance teams often find it difficult to diminish the anxiety and inevitable angst around the annual close and corresponding audit. They might rush to finalize annual financials, ...

Our preceding column suggested that auditing has devolved to the point that many auditors are no longer gatekeepers for the capital markets, but enablers for their clients’ efforts to mold financial ...

Value is what people would be willing to pay for, not what you say it is. The same applies to internal audit. Richard Chambers, president and CEO of the global Institute of Internal Auditors (IIA), is ...

An effective internal audit team can provide great value to an organization. It's encouraging this is starting to be recognized. Public accounting firms are recognizing the value that an effective ...

The Sarbanes-Oxley Act of 2002 mandates that publicly held companies rotate the lead partner in an audit firm off the audit project every five years. Many private entities have followed suit, ...

Value adds transform products, making them unique and allowing higher pricing. A strong value add creates a competitive advantage and market differentiation. Investors should assess companies' value ...

As Congress examines the details of the president’s fiscal 2024 defense budget, members are also rightly focused on making the most of every dollar for military capability, and reimagining a defense ...