According to textbook definition, audit is an independent examination of management-prepared financial information to ensure they give a accurate and fair picture. However, to encompass different types of auditing, a broader understanding would surmise audit as an investigation carried out to verify managements representations while engaging professional expertise to propose improvements where possible, financial or … Read more
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
Software security is a challenge of enormous proportions because every critical function of our lives is now dependent on software. Insecure software not only causes inconvenience but, more importantly, can critically affect an organization. One of the foremost champions of web software security is The Open Web Application Security Project (OWASP), which is also known … Read more
Recently the biggest information security problem for all the companies and law enforcement agencies is ransomware. Companies, small or big and random and even individuals like you and me are not targets of ransomware threats. Ransomware has become the largest security threat. This is because most people don’t know how to deal with it and … Read more
There are certifications like CISA and CISM for individuals who want a professional recognition for their knowledge and skills of information security. But what about the entities if they need assurance about whether they have a robust information security management system in place or not. For organizations, there is ISO 27001 certification which they can … Read more