It’s that time of year again.  We’ve come to do the audit, and as much preparation as you’ve put into it, it just seems like there is something that was overlooked.  There was the invoice that wasn’t properly approved, or the voided check that got lost.  Maybe it was just that you didn’t remember that a employee left at the beginning of the year, and as a result salary expense is considerably lower than the year before.

Each month I will be discussing a different area of auditing.  I will be commenting on common errors, and ways to detect and correct those errors.  I will also be discussing new standards as they are issued by the American Institute of Certified Public Accountants (AICPA), and how they will affect different business entities.

I encourage you to come back to my blog often, and comments are always welcome and encouraged.  Thank you!!