Whether your firm is small or one of the largest organizations in the country, it pays to develop and maintain a strategic audit plan, according to Lorin Venable, CPA, CGMA. As assistant inspector ...

Engineering companies need internal audits regularly. These audits must be conducted according to an audit plan, so that the auditor can know that all important aspects of the company will come under ...

An audit is the highest level of assurance a CPA firm can provide that the financial statements follow the generally accepted accounting principles (GAAP), or some other reasonable basis of accounting ...

In a six-point plan released May 14, the AICPA describes extensive ongoing and new efforts to improve audit quality. Continued improvement in the quality of audits has long been a core focus of the ...

One of internal audit's values is to tell management when the controls to manage risks and assure opportunities aren't working. Internal audit should have a plan for the work it will do, and by now we ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...

The Form 5500 is the information return that must be filed by most employee benefit plans subject to ERISA (unless an exception applies), and failure to file this annual return for a plan can result ...

As the Department of Health and Human Services' Office for Civil Rights gears up to begin its next round of HIPAA compliance audits, security and privacy experts are giving OCR's plans mixed reviews.

The Public Company Accounting Oversight Board plans to review more audit engagements, to expand its inspection procedures, and to get its inspection reports out faster in 2024, according to board ...