Is Using Quickbooks A Pain In The A**?

In a 2015 blog post it was estimated that Quickbooks held an 80% share of the accounting software market space. Quickbooks has broken its business into two market segments. The 400,000 accountants that serve small business, and the 5 million small businesses that use...

Audit Failures Case Studies

The term “audit” has taken on an almost generic quality.  However, words have meaning and what people think an “audit” does in the public accounting space does not mean what most people think it does.  Whenever a fraud occurs and makes the press the masses scream that...

Why Audits Fail to Detect Fraud

You see the headlines in the news all the time.  “Some employee from some business or public entity has stolen a considerable sum of money”.  At some point the spokesperson for the business or public entity will admit that their annual audit failed to find the fraud. ...