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Financial Statement Audit

6 tips to help you in Financial Statement Audit

Financial Statement Audit Process Financial statement audit is quite complicated- and stressful. Most of us may scratch our heads every time we hear this but a painless process of financial statement audit is possible. Here are 6 tips to help you in financial statement audit so...
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Audit Test

Five forms of Audit Tests that you should be aware of

Audit Test Before conducting an audit test, you need to conduct an excellent audit plan, to begin with. That may possibly identify the business risk, materiality and asses the need to include an expert and in this case, the need to include an external auditor. Generally, Audit...
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Types of Audit

Types of Audits that are performed in an Organization

What is Auditing Process? According to Lawrence, Auditing is the process of examination of the books of accounts of a business with the aim of giving a clear view of the financial position of the business within a given period of time. The scrutinizing process is usually...
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7 Types of Audit

In the field of accounting, you might already hear the word “audit” or “auditing”. This is because auditing is one of the very important processes in accounting. But first, what is auditing? In the ISO 19011:2011—Guidelines for auditing management systems, audit is defined as a...
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audit finances

4 Reasons Why you Should Audit your Finances?

Why you should audit finances of your business? Running a business isn’t just all about marketing, customer service or the product itself- but also all of your financial statements. Maintaining an accurate and up-to-date financial records is necessary for every business. Below...
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Human Resource Audit

What is Human Resource Audit?

The process of Human Resource Audit Human resource audit is a process of checking/appraising the Hr department in an organization. It comprehensively examines current policies, practices, procedures, strategies, documentation, structure, skills and systems to identify needs for...
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Internal Auditor

Internal Auditing: 10 duties of an Internal Auditor

Do you want to be an internal auditor? Is it your dream job or maybe you want to change your career today and become an internal auditor? If so or not, it will be vital for you to understand the duties of an internal auditor. To begin with, internal auditors form an integral part...
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Auditing: Understanding the Process of Audit Validation

Audit validation is an important process that ensures the different variables that determine the audit process, method and materials used in the process of auditing process are well sourced and they are the true ones that have been used in the conduction of the business deals....
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HR Audit

Approaches to Human Resource Audit

Human Resource Audit Human resource audit has evolved over time and expanded as it is not only used in decision making, but also as an instrument of control in personnel-related matters. Several approaches have been brought forward to evaluate the effectiveness of the hr...
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IT Audit

What are the benefits of IT Auditing?

With the current digitized word, the use of computers has become prevalent in almost all sectors of our life and economy to begin with. With this comes voluminous problems in that cybercrimes have taken advantage of the prevalence in the use of computers to enrich themselves with...
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