Financial Audit
An Audit Preparedness Primer 071501
Financial Audit

Whether public or private, all companies are subject to financial audits—and major headaches await those who are ill prepared. By putting a relatively simple preparation strategy in place, controllers can help their companies avoid costly penalties and sidestep a host of pitfalls.

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What Role Does Internal Audit Play in Assessing Strategic Risk? 071223
Financial Audit

What Role Does Internal Audit Play in Assessing Strategic Risk?

Should internal audit focus on identifying and evaluating strategic risks? In its 2009 study, Executive Survey on the Strategic Role of Internal Audit, Vonya Global LL C surveyed a cross-section of executives and internal auditors from both public and private organizations in a variety of industries.
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Being Prepared Is the Proven Way to Survive an AP Audit 1112339
Financial Audit

One of those horrible words every AP manager hates to hear is “audit.” It means extra work and some young hotshot going through things with a fine-tooth comb, looking for something wrong.

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How to Analyze & Audit Your Aged Trial Balance—For Free 1112340
Financial Audit

Can you accurately calculate the potential and aggregate risk of your company’s trade receivables? If you can, you are a rare credit professional. In reality, few tools exist to comprehensively analyze the quality of your total AR, or benchmark that risk against that of companies of a similar size in your own industry sector.

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Set a Policy to Foil Audit Confirmation Fraud 1112341
Financial Audit

Did you know that audit confirmation letters pose a risk to your company if they are not handled properly? The Security and Exchange Commission (SEC), requires auditors to send out audit confirmation letters as part of the process of confirming an audited company’s sales and earnings. Such letters do not contain account numbers, banking information, or any other information that could normally expose the responding company to risk. 

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