Can you prove your team’s performance? How do you know for certain that nothing is being missed? The answer is simple; you perform an internal audit. We know how difficult it can be to keep track of ...

Purchasing materials for manufacturing or goods for inventory is one of the most important functions for a business. A periodic internal audit of the procurement process examines receipts, business ...

The processes you use to order merchandise for your company are vital to control risks, prevent fraud, ensure maximum savings and maintain regulatory requirements. You should develop a checklist to ...

Dec. 16—The audit profession’s chief inspector has provided auditors with a year-end checklist, giving companies some fair warning about what they can expect auditors to be focused on in their ...

Internal Audit is an independent, objective, assurance and consulting activity, assisting the university in meeting its objectives and improving the effectiveness of risk management, control and ...

This explains how internal audit focuses on ongoing risk prevention while forensic accounting investigates suspected fraud. The key takeaway is that one is proactive and advisory, while the other is ...