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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 truly ones that have been used in the conduction of the business deals....
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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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accounting cycle

Reason why stakeholders trust financial auditors more than accountants

The sole reason for the conduction of financial audit is to check on whether the financial statements are recorded based on a given and approved criteria. Most at times the criteria is based on given set of rules of international standards for a given accounting body. Thus, the...
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5 Reasons why companies prefer to hire the Big Four Firms to perform their audits

There are a lot of auditing firms which operate globally both in large or small scale version. However, there are the big four auditing firms which have gained positive rapport from lot of people firms and companies globally. The Big four comprises of different set of companies...
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What is the importance of healthcare firm audit?

A healthcare firm audit is the forefront of modern day health practices. The importance of an audit is prevalent in a variety of industries likes – banking, technology and even services and maintenance. Out of all the above said categories it is much more crucial to conduct...
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healthcare audit guide

5 Main Healthcare Auditing Strategies

Plans and meetings have to be arranged to make and agree on certain strategies the will prepare the healthcare organizations for healthcare auditing. By doing healthcare strategies, the healthcare organization will be stronger to anticipate the payments needed for doing the...
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Internal Audit

5 reasons Internal Auditing is common in large enterprises

Internal Audit Programs Having internal audit programs in place, assures business stakeholders that; business resources are secure and safe from threats such as misappropriation and fraud. It is the mandate of the executive (the management) to ensure that policies, procedures and...
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An effective guide for Auditing Healthcare Entities

The lead role played by healthcare entities and general medicine in our daily lives should be given vital importance through regular audits and quality checks. Auditing is a systematic enquiry which requires awareness, statistics and most importantly knowledge. Being aware of the...
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What are the Best Healthcare Compliance Audit Tools

Compliance is the most challenging healthcare issue faced by the healthcare organizations. The healthcare organization tries its best by using several tool to protect its healthcare secrets, and to follow healthcare regulations and policies. In order to get the best out of a...
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The Impact of Forensic Accounting on Fraud Detection

Every organization is at a risk of financial loss due to fraud. An effective audit team helps mitigate this both internally and externally. It’s crucial that both teams have thorough knowledge of both detection and prevention if the goal of fraud mitigation and eradication is to...
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