A comparison of financial statement amounts with the auditor's expectation. An example is the comparison of actual interest expense for the year (a financial statement amount) with an estimate of what that interest expense should be. The estimate can be found by multiplying a reasonable interest rate times the average balance of interest bearing debt outstanding during the year (the auditor's expectation). If actual interest expense differs significantly from the expectation the auditor explains the difference in the working papers.
In today's workplace, we correspond with many people through many media each day. This article provides tips for communicating with others in a prompt and easy fashion, leading to more control over... [ more... ]
Einstein is credited with saying that “the only thing that doesn't change is the way we think”. Never has that been more evident than today. Those in sales who choose to remain focuse... [ more... ]
These days, there isn't one person I know who doesn't deal with the feeling of being overwhelmed at least once a day. We all have too much to do. However, these feelings add up. Sooner or later, th... [ more... ]