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 ...

Small businesses hold a wide variety of assets, which make up a large portion of a new company's balance sheet. During an audit, the audit team is required to verify management's assertion that these ...

Please note: This item is from our archives and was published in 2001. It is provided for historical reference. The content may be out of date and links may no longer function. uditors perform ...

Internal and external audit systems provide companies with a method for testing internal controls, a process that can help detect or prevent fraud while making sure the company stays compliant, stops ...

HARRISBURG – State lawmakers are setting new milestones for tardiness in approving a fiscal audit, thereby raising questions about their ability to account for their own spending. The Legislative ...

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 ...

On April 22, 2024, the Office of Management and Budget (OMB) made some important changes to its Uniform Guidance on Single Audits. If your nonprofit receives federal grants, keep reading to see if ...