Small-business owners in certain industries such as health care, manufacturing and information technology often have the same level of responsibility for complying with federal and state regulations ...

HR, or human resources, audits refer to a periodic review of employment files, reports, processes and records. The objectives of an HR audit are to shed light on departmental processes and procedures ...

The United States Office of Management and Budget (“OMB”) recently issued a Compliance Supplement for 2019 that includes, for the first time, audit objectives for colleges and universities concerning ...

An audit program, also called an audit plan, is an action plan that documents what procedures an auditor will follow to validate that an organization is in conformance with compliance regulations. The ...

An independent audit is an appraisal conducted by a third party with the aim of establishing and assessing a company's accounts, business transactions and finance records. Independent auditors, also ...

Internal Audit serves as a resource to examine and evaluate University activities in service to the Board of Trustees. Internal Audit is dedicated to aiding the University in accomplishing its ...

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 ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

It’s almost impossible to get a ‘true and correct’ view of financials because that would mean the auditor looks into every piece of document in the company. Whether it was accounting lapses which came ...