5 Accounting Principles
Subsequently, under the newly introduced Sarbanes-Oxley Act, accountants now face harsher restrictions on their consulting engagements. Yet ironically, since Enron and the financial crisis in 2008, accountants have been Accounts Receivable Process greatly in demand, as corporate regulations have increased and more expertise is required to fulfil reporting requirements. Basically, accountants keep track of an organization’s money, and auditors check their work.
While public companies in the United States are currently required to follow GAAP standards when filing financial statements, ...
Read more