What Is an External Audit and How to Apply It

What Is an External Audit and How to Apply It

Companies can employ two different types of audits, internal and external. Each is carried out to ensure business operations are not violating any laws and adhering to a sense of ethical business practices. An external audit shows an unbiased and objective view of the financial stability of a business. External Audits The process of an […]

Companies can employ two different types of audits, internal and external. Each is carried out to ensure business operations are not violating any laws and adhering to a sense of ethical business practices. An external audit shows an unbiased and objective view of the...

Risk Assessment Practitioners Offered COSO Perspective

by Ben J. Carnevale, Contributing Writer Just recently, the Committee of the Sponsoring Organizations of the Treadway Commission (“COSO”) produced a new “thought paper” on risk management, offering ideas on how companies can better address and implement risk mitigation efforts. The Treadway Commission (… also known as the National commission on Fraudulent Financial Reporting) is […]

by Ben J. Carnevale, Contributing Writer Just recently, the Committee of the Sponsoring Organizations of the Treadway Commission (“COSO”) produced a new “thought paper” on risk management, offering ideas on how companies can better address and implement risk...

2010 Suggested Audit Guidelines for Internal Control Committees

As many companies finalize their 2009 fiscal year-end reports, and set their budgets, policies and procedures in place for 2010, we would like to focus your attention on a set of suggested guidelines for both internal and external audit committees to review and implement in 2010.  While we can make the assumption that lessons will have been learned from the past […]

As many companies finalize their 2009 fiscal year-end reports, and set their budgets, policies and procedures in place for 2010, we would like to focus your attention on a set of suggested guidelines for both internal and external audit committees to review and...

Impacts of an IT Compliance Audit

One of our often cited reference website blogs is that of SearchCompliance.com.  Recently the topic of IT compliance auditing became a popular area of dialogue in the FAQ section of the SearchCompliance  site.   We have received similar questions from our readers from time to time regarding the topic of auditing and as a result, would like to recommend that your […]

One of our often cited reference website blogs is that of SearchCompliance.com.  Recently the topic of IT compliance auditing became a popular area of dialogue in the FAQ section of the SearchCompliance  site.   We have received similar questions from our readers from...

Auditing Business Continuity – Which Framework to Use?

Sooner or later if your organization had a commitment to process improvement, you will need to audit your existing business continuity plans.  As it is a combination of audit and testing that absence a real disaster tells you whether you are on the right track. Performing the Audit When performing your 1st audit, where do […]

Sooner or later if your organization had a commitment to process improvement, you will need to audit your existing business continuity plans.  As it is a combination of audit and testing that absence a real disaster tells you whether you are on the right track....

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