Archive: January 2019

A growing number of workers are concerned that Artificial Intelligence (AI) will take over all if not part of their jobs. The Pew Research Center conducted a study discussing the impact that automation could have upon jobs in the United States. And while advances in technology continue to appear from automated vehicles to the seemingly limitless technology of the 3D printer, the Auditing Profession remains hopeful. An additional report was just released showing a significant amount of jobs needed within the Auditing and Accounting Profession.

Audit Committees can sometimes have a tumultuous relationship with Accounting management, especially when there are significant changes to operations, policies, or procedures that go unnoticed by the Audit Committees. If your Audit Committee is to provide adequate oversight for your company’s financial reporting system, it can be more efficient in its responsibilities by developing a solid internal control system. Before you can properly assess your company’s practice and internal controls, as well as, the opinions of outside auditors it is necessary to ensure you are asking the right questions of your accounting practice. Here are the top 10 questions audit committees should ask accounting management.