A risk management policy statement is a tool used by companies and other organizations to identify and respond to risks in a way that minimizes their impact. Although a risk policy statement often ...

The new audit risk standards require the auditor to understand and respond to risks of material misstatement, whether due to errors or fraud. In reaching that understanding, auditors should identify ...

The coronavirus pandemic has taught us all to be on high alert during a time of uncertainty. The key to managing this uncertainty is adaptability. All entities have been affected by the pandemic in ...

Learn how currency translation converts foreign subsidiaries' financial results into a parent company's main currency, ...

A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management. A business bank statement is an official financial document ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

Forbes contributors publish independent expert analyses and insights. Robert Eccles writes about sustainability in the capital markets. “Climate risk is financial risk” is an increasingly ubiquitous ...