Auditors spend a substantial amount of time testing inventory because it usually makes up a large portion of company assets. Many auditors maintain a physical inventory count checklist of items to ...

The purpose of a finance audit is threefold. First is to confirm that procedures are in place to govern a business to obtain optimum profit levels. Second is to verify compliance with all applicable ...

Peer reviews that monitor compliance with professional standards provide insights into what to look out for in not-for-profit audits to avoid deficiencies. These insights are particularly valuable ...

Hospitals are subject to numerous state and federal laws, rules, and regulations, like all healthcare organizations. However, due to their outsized role in our nation's healthcare system, the ...

Helping UK businesses acquire and maintain their UK Sponsor Licence The Home Office conducted 828 premise visits in January 2025 alone—a 48% increase from the previous year, according to recent UKVI ...

A lack of “healthy paranoia” can be one of the biggest problems in approaching employee benefit plan (EBP) audits, said Bertha Minnihan, CPA. An EBP audit at first may seem straightforward and simple, ...

Responding to widespread taxpayer concerns regarding audit procedures, the Bureau of Internal Revenue (BIR) took a decisive step by suspending tax audits in November. This strategic pause allowed the ...