Financial auditing entails producing an opinion on the truth and fairness of the financial statements of a company. Only licensed accounting professionals (auditors) authorized by the relevant governing bodies for the territories they operate in can carry out the auditing of financial statements. Audits were first regulated with the...

The big 4 accounting firms are the four leading firms in the broadly defined field of accounting services. Amongst them, they share the largest network of clients worldwide. To get an idea of their scope, in the US the Big 4 audit about 80% of all public companies. Moreover,...

The very first step to becoming an accountant is the knowledge and practice of bookkeeping. As the name suggests, it is about keeping records. And it is a practice dating back centuries. In his book Sapiens, Yuval Noah Harari explains that the earliest written record ever discovered is a...