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 ...

Because Medicare and Medicaid claims audit requests can look like routine billing-related correspondence, they can be easy to miss, leading to expensive and potentially catastrophic consequences.

Environmental audits are increasingly crucial for business success—and it’s up to environment, health, and safety (EHS) teams to lead the way. By taking steps to assess and strengthen compliance ...

Audits are an important part of a compliance program and help monitor compliance obligations, identify non-compliance, and quantify overpayments. But, planning the audit is often just as important as ...

The firms that are starting to feel a real difference in the busy season are not working harder; they are redesigning the way ...

STATEMENT ON AUDITING STANDARDS (SAS) no. 96, Audit Documentation, marks the first big change in the requirements auditors must observe when documenting their audit work. It provides general guidance ...

An existent compliance plan not only detects incorrect coding practices, it may also be considered by some federal agencies when determining whether reasonable efforts were taken to avoid and detect ...

Receiving an audit letter from the Internal Revenue Service is not the way anyone wants to end the tax season. However, not every audit that arrives in a taxpayer’s mailbox requires a face-to-face ...

Tax software companies push audit defense for $40-$60, but with a 0.4% audit rate and most audits being simple letters, it's a waste of money for most filers.

Beginning in fall 2025, all graduate students, Graduate Program Directors, Graduate Program Assistants and Graduate Faculty advisors will have access to an online Academic Audit. The audit will show ...