Improving long-term assets accounting and auditing

Аннотация

Long-term assets, such as property, plant, equipment, intangible assets, and long-term investments, are vital to
an organization’s financial health and operations. Proper accounting and auditing of these assets ensure that businesses
have accurate financial reporting, meet compliance standards, and make informed strategic decisions. However, the
complexity of managing these assets requires robust processes. The IMRAD (Introduction, Methods, Results, and
Discussion) method provides a structured approach to improving the management and auditing of long-term assets. In
this article, we will explore how this method can be effectively applied to the domain of long-term asset accounting and
auditing.