Many months and about $1 billion in taxpayer funds later, the U.S. Department of Defense recently announced that it had failed its second comprehensive audit, chalking up another “F” on its audit ...

Internal Audit identifies all auditable activities and relevant risk factors, and assesses their significance through an annual risk assessment, utilizing the Committee of Sponsoring Organization's ...

The aim of the risk assessment auditing standards was to improve the quality and effectiveness of audits by substantially changing audit practice. Statements on Auditing Standards nos. 104–111 provide ...

For years, auditors have used interviews and workshops to conduct successful company assessments. As more businesses become digitised, auditors need to blend traditional techniques with a more ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Big Data is powerful. It can also be daunting. The current data analytic landscape focuses on the use of “scripts” that can identify duplicates and quantitative outliers. Yet, there is little guidance ...

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 ...

During the pandemic’s early rush to create hybrid and remote work environments, most business leaders were rightly focused on business continuity and employee safety. For many, shifting to remote work ...

Annual Audit Plan – An annual audit plan is developed by the Director of Internal Audit based on a university-wide assessment of risk and where Internal Audit can make the greatest impact. Input from ...