Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

CAL FED’S INTERNAL AUDITORS MONITOR THE COMPANY’S risk profile and play a key role in identifying areas for risk management. Understanding the business operations can make the auditors a catalyst for ...

Auditing methodology refers to the ways in which audits are carried out in businesses. Of course, this depends largely the type of audit, since businesses use audits to focus on specific processes and ...

Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, ...

The recent observations of the chairman of National Financial Reporting Authority (NFRA) that the “audit panel of companies cannot escape blame by citing audit failures” has shifted the spotlight from ...

Manpower audit and assessment activities enable your company to determine if your human resources meet your strategic needs. Quantitative methods allow you to use statistics, numbers and data to ...