Most companies, big and small, are subject to an audit at some point. Auditors can focus on one or more areas, such as your financial statements, compliance, tax information or business operations.

In most cases, auditors simply cannot look at every transaction that makes up a company's financial statements. As such, technical audit procedures are designed to ensure that the auditor can express ...

The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

Discover how attribute sampling enhances audit accuracy by evaluating internal controls and analyzing population traits, ...

A lack of “healthy paranoia” can be one of the biggest problems in approaching employee benefit plan (EBP) audits, said Bertha Minnihan, CPA. An EBP audit at first may seem straightforward and simple, ...

Annual Audit Plan – An annual audit plan is developed by the Director of Internal Audit based on a university-wide assessment of risk and where Internal Audit can make the greatest impact. Input from ...

The following procedure outlines the process for the Classification division of Human Resources to evaluate positions. If the job description no longer applies to the job duties being performed, a job ...

We recently looked at how backup can be a key component to help organisations protect against ransomware attacks. But we also discussed the idea that all backup systems need to be audited to ensure ...