A CPA mixed fictitious transactions into their own journal entry check—normal transactions were picked up, while fictitious ones slipped through. Why?

This is the number of items extracted for review when I ran my journal entry checking tool, "shiwake-mcp," against 112 synthetic journal entries. On October 5th, I published all the conditions and ...

Journal entry imports stalled due to CSV format differences. Pre-closing 3-point check for solo accountants and an inventory table (6-row sample)

I connected my accounts and cards, and journal entries started flowing in automatically. Yet, on the day of the month-end ...
JournalofAccountancy

Journal-entry testing using Excel

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...
JournalofAccountancy

Using Benford’s Law to reveal journal entry irregularities

Auditors can use Benford’s Law to identify general ledger irregularities — both those that can indicate fraud and those that do not. In this article, I introduce audit data analytics techniques that ...