Do you consider your company safe? Unfortunately, there is no shortage of ways for an organization to lose money without managers noticing. After all, there can be fraud in large financial amounts, but also small day-to-day expenses. Given this reality,…
To be prepared for an audit, a company requires that its professionals are willing and available to assist the internal auditors. After all, experts will ask about responsibilities and transactions. In this scenario, systems and people must be mature to…
The methodology and approach of effective internal audit control by professional consulting firms help organizations protect themselves from risk and financial loss. Through strict control measures, it is possible to avoid or at least minimize potential risks that can lead…
A competent audit of the company’s economic activities is the basis on which the company’s management makes managerial decisions and develops a business development strategy. Due diligence provides a comprehensive study of the company’s work and directly affects the prospects…
Accounting and auditing are important to control functions, as well as a means of solving problems, both economic and social development of the company. Modern business is becoming complex and multilevel and hence the role of Internal Audit Consulting Firms for maintaining…
Each company sooner or later faces difficulties such as tax fines, misappropriation of resources, or clear employee fraud. As a rule, the management does not find out about this immediately. And when it notices a leak of funds, the managers…
Today, in the face of economic uncertainty, companies around the world are faced with the need to maintain financial stability and competitive advantage in the market. At the same time, the service sectors are the first to suffer. In such…
Internal audit can become one of the most effective tools for identifying opportunities for improving business efficiency and, therefore, one of the company’s competitive advantages. Internal audit is in vogue today, and many managers and owners would like to implement…
Any entity which is incorporated with an objective to earn profit has certain responsibilities towards itssuppliers, customers, investors, lenders, employees, and other stakeholders. According to their requirements, they are interested to track the developments in the entity which can be…
Auditing for a company is quite important because it has a big influence on the activities of the company concerned. To ensure that your company has a good risk management approach and internal control, the best option is to take…