A forensic audit, also known as an independent audit, is one of the many ways businesses can ensure they are accountable to their customers, suppliers, and investors. It involves an outside company or auditor looking through a company’s books and records to ensure there aren’t any problems with how funds are being spent or how…
Internal controls are crucial to the success of any business and even more critical when it comes to financial reporting, which deals with an organization’s assets & finance. Internal Controls for Financial Reporting serve as the primary source of information to make decisions about everything from expenditures to investments to hiring. If you are new to…
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 act with transparency. This is very important in the process, especially when talking about facts…
