I have been on vacation for the last half of this month, and that along with Christmas has resulted in much less activity on this blog than is normally seen. Additionally, I have been immersed in a great book on the Enron scandal, titled “The Smartest Guys In the Room: The Amazing Rise and Scandalous [...]

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Materiality is an important concept in auditing. The point of an audit is to certify the financial statements as being free of material misstatement. A material misstatement is one which would affect the decisions of a user of those statements. This recent blog post at the VeraSage Institute, more known for their pioneering work in [...]

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I was recently asked what I thought about value pricing as it relates to professional services firms. The billable hour is typically how firms price their engagements, but the idea of value pricing is gaining momentum and acceptance is growing. I believe in a competitive market, value pricing would occur naturally. Misinformation from vested interests [...]

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This week I have a small reprieve from my duties as auditor, as I’m taking part in a training course put on by the firm at the Hilton. The training is related to the internal Information Systems specialization the firm offers, which will allow me to get more experience working with IS at clients and [...]

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Sometimes I wonder to myself who audits this company or that one. I thought I was the only one, but apparently I’m not. I track search terms used to arrive at this site using 103bees.com. It’s a good complement to Google Analytics. One of the latest questions someone asked, and came to my site seeking [...]

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