A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

The last thing auditors want to do is sign off on financial statements that aren't correct. To avoid this situation, auditors when designing audit procedures evaluate the risk of the company ...

THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

The International Valuation Standards Council has released a guide that aims to raise awareness of audit procedures among professional valuers in response to heightened scrutiny by regulators of ...

Some important themes are emerging in auditors’ reporting of critical audit matters, which are the key component of the biggest change to public company auditor reporting in 70 years. Goodwill and ...

A third-party audit assessing Minnesota Medicaid programs at high risk for fraud found the state could safeguard $1 billion in the next four years by changing its policies on payment reviews. But the ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

An audit from State Comptroller Tom DiNapoli’s office recently found some errors in the way in which the Ashville Fire District went about purchasing equipment. The audit pointed out procedures that ...