MANY accountants still think of documentation as a compliance burden. That view is too narrow. Proper documentation is about protection and evidence. When a business relationship turns sour, documentation becomes the difference between a defensible claim and an expensive story nobody can prove. As a CPA practitioner and a litigation lawyer, I have seen the same mistake repeated in different forms. Parties assume that because a transaction was real, it will automatically be recognized as...

THE other day, I nearly posted a rant about the flood control fiasco. But then the voice of Professional Ethics whispered: “Delete.” And...

AS the dust settles after another whirlwind audit season, weary auditors and their equally weary clients are finally coming up for air....