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 ...

Auditing your records management process ensures that your business meets legal and regulatory requirements. The process also provides a window into the effectiveness of your operations. Whether an ...

Internal Audit identifies all auditable activities and relevant risk factors, and assesses their significance through an annual risk assessment, utilizing the Committee of Sponsoring Organization's ...

Rob Thompson points to a free process audit checklist and provides an explanation of the strategy... “This contrast is primarily one of scope rather than focus. A procedural audit will generally be ...

The business environment amid the COVID-19 pandemic has meant significant changes in the risks and results auditors consider and test during their engagements. In many cases, revenue and expenses have ...

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 ...