The recent restatement report from Audit Analytics reveals that the number of financial restatements has leveled off over the last three years. While this metric shows stabilization in financial statement errors, a deeper understanding of the different types of error … Continue
While some figures in financial statements are relatively straightforward, others are more complex. Some of the more complex figures require judgments about future events. For example, a certain number of accounts receivable will not be collected, but neither the actual … Continue
As severe financial crisis has spread from Greece to larger countries such as Spain and Italy, voices warning against exposure to sovereign debt have gotten louder. The Cypriot government’s attempt to impose up to a 9.9% tax on bank deposits … Continue