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If you’re in the manufacturing business then getting it right the first time is a big deal. Nobody wants to spend energy, time and resources to produce a product that isn’t up to the standard. And so business owners use IQM to ensure that their products are in line with ISO 9001:2015 standards. What is … Read more
An audit is an essential element to build trust between the management and the stakeholders of the company. But what is an audit? And what’s all the hype behind the importance of auditing? What is Audit? Simply put, an audit is where the financial position and performance of the company is evaluated by an independent … Read more
What is Healthcare Auditing Medical auditing is a way of ensuring that over a period of time the actions that a hospital, or other medical institution has taken are correct, that they comply with the regulations and are right for the patient or client. It is a way of ensuring that the actions of those … Read more
What are various types of auditing risks and how you can reduce their impact. How to effectively manage the auditing risks and avoid the negative consequences.
The yellow book is a rule book that has all the rules and standards to conduct auditing in the public sector, which is published by Government Accountability Office of the USA. All the newest standards and updates of rules are written in it that help the governmental auditors and the CPAs to conduct audits with … Read more
Audits help to recheck the financial records of a business to see if they are accurate or not. How? Auditors check the transactions made by your business and recorded in books of accounts systematically. All the audits look at are the accounting books and financial statements for public companies and businesses, most of which have … Read more
According to 2019 Internet Crime Report, cyber crime has almost doubled since 2015 and financial losses have tripled from $1.1 billion in 2015 to $3.5 billion in 2019. The most commonly reported cyber crimes in 2019 were phishing, personal data breach, non/payment and extortion each of which involved millions of dollars. We will later see … Read more