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Search Results - Audit

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Accountant
Bookkeeping
Trial balance
General ledger
Debits and credits
Cost of goods sold
Double-entry system
Standard practices
Cash and accrual basis
GAAP / IFRS

The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person / organization/system (etc) in question, under evaluation based on work done on a test basis. Due to practical constraints, an audit seeks to provide only reasonable assurance that the statements are free from material error. Hence, statistical sampling is often adopted in audits. In the case of financial audits, a set of financial statements are said to be true and fair when they are free of material misstatements - a concept influenced by both quantitative and qualitative factors.

Audit is a vital part of Accounting. Traditionally, audits were mainly associated with gaining information about financial systems and the financial records of a company or a business (see financial audit). However, recent auditing has begun to include other information about the system, such as information about security risks, information systems performance (beyond financial systems), and environmental performance. As a result, there are now professions conducting security audits, IS audits, and environmental audits.

In financial accounting, an audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It is performed by competent, independent and objective person(s) known as auditors or accountants, who then issue an auditor's report based on the results of the audit.

Showing 1 to 25 of 494 Articles matching 'Audit' in related articles.
Pages: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | Next >>

1. IT audits: best service provider venomit
November 07, 2009

IT Audits are essential for companies large or small in order for you to identify what you have in place, why, and also to help identify improvements and system vulnerabilities. An information technology audit, or information systems audit, is an examination of the controls within an Information technology (IT) infrastructure. An IT audit is the process of collecting and evaluating evidence of an organization's information systems, practices, and operations. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operat... (read more)

Author: Santosh Kumar Bhol

2. The SEO rat race - are you leading or trailing?
November 06, 2009

As stressed over and over again, over a variety of webspaces, Search Engine Optimization (SEO) is the prerequisite for any website that wants to make the most of Internet searches. So what makes one website a prime candidate for search engine glory, while another is headed for search engine oblivion? Lets find out. Content Content Content: • Content is one of the most important factors that decide how highly Search Engines regard your website. The content needs to be fresh and unique. This ensures that viewers return and this repeat traffic ensures that your standing with the SE... (read more)

Author: shrikar shivakumar

3. Accountant outline Top 7 sanctions against directors of insolvent companies
November 05, 2009

Tony Mallon of W.O.McGrory & company, CPA Registered Accountants, Drogheda, outlines the top 7 legal remedies which are available to the courts in chasing directors of insolvent corporations. While personal responsibility of directors remains the exception when thinking about how and where directors' duties are owed to creditors of a company it is useful in today's economic climate to recall those eventualities in which private guilt might be imposed. If in the course of a winding up of a company, or where a company has been shown to be ruined but isn't being wound up, or in the ... (read more)

Author: Pat Kelly

4. Save on Your Electric Bills Today
November 05, 2009

Whether you are intending to live 'off the grid' and free yourself from energy bills or merely'kick back' and enjoy lower energy bills, the 1st step is always to grasp your home's energy usage and employ good old fashioned energy conservation methodologies. The cause of this is simple - you can not be charged for what you don't use re energy...well this is precisely wrong if you are on a utility company's's budget payment system...but we'll pretend for an instant that is not the case. So, if you use less energy, your energy bill will go down. So...how do you preserve energy? Straightf... (read more)

Author: Gabriel Swanson

5. CISA certification- tips and techniques to get through the test
November 05, 2009

Acquiring a worldwide recognition CISA (certified information systems auditor) certification has become a preference for Information Security audit, control and security professionals. Giving a positive approach to an individual career more than 55,000 professionals have earned the CISA since time it has originated. In today’s scenario the competition for audit manager job is extreme than it was few months back. About 45 percent of the advertising about the vacant audit manager jobs were particularly looking out for candidates that have acquired a CISA certification from ISACA. The certificati... (read more)

Author: ATI Information

6. Deducting Home Office Expenses
November 05, 2009

Costs associated with maintaining a home office (for example, rent, utilities, insurance, repairs, and depreciation) may be deductible. If the office space is also used for personal reasons, the entire home office deduction is usually lost. However, expenses such as qualifying mortgage interest and property taxes are generally deductible regardless of whether a home office qualifies for other deductions. Commuting from home to a workplace is usually nondeductible. However, if the home office is the principal place of business, transportation from the home to other work locations (if in t... (read more)

Author: Francis Ludwik

7. About Energy and Energy Efficiency
November 05, 2009

Scientists claim that global warming is fast approaching and satellites ratify their claims with pictures of melting icebergs in Antarctica and Arctic. Indeed it is high time to wake up and take notice, before it is too late. The results have been initiatives in technologies that promise significant energy efficiency and focus on going green; the air conditioning and other mechanical services included. Studies reveal that a total of 30% to 40% energy consumed by human kind is used up in buildings – almost 50% of the energy used in Australia is used for cooling and heating commercial comp... (read more)

Author: Louise Lambert

8. DIY energy efficient home tips
November 05, 2009

It is best to use the services of professionals to plan and make yours an energy efficient home. However you can get started on improving the energy efficiency by yourself. There are many ways by which you can reduce the amount of energy used in your home. For example exhaust fans during winter also throw out warm air. Therefore if they are required to be used to remove air from the bathroom or the kitchen they should be used sparingly. Otherwise in as little as an hour they can throw out a huge quantity of warm air. Another simple to implement method of saving energy is to use CFL (... (read more)

Author: Larry Gordon

9. Your Sales Volume can Skyrocket with Instant Visitor Audit Reviews
November 05, 2009

Instant-visitor-audit-reviewing or anonymous-user-database-reviewing is important to allow your site to change content according to the dynamically measured taste of visitors and attempt to make the information more relevant. An instant visitor audit review can improve sales volumes when you database query software automatically checks to see if a previous customer has arrived or a new visitor appears who may become a customer of your offers. Kinds of data associated with any visitor are known as metadata or supplemental data that is similar to sensible-awareness in semantic-form a... (read more)

Author: Tom Gruich

10. Deducting 529 Plan Losses
November 05, 2009

Thanks to their beneficial tax treatment, qualified tuition programs (QTPs – commonly referred to as 529 plans) have become the plan of choice for many taxpayers trying to save enough money to cover the ever-escalating costs of getting their child or grandchild through college. Over the last several years, many folks have invested a considerable amount of money in these plans. Unfortunately, the market has not been any kinder to these plans than to the rest of us. So, we venture to say there are more than a few taxpayers out there who have QTPs worth less than what they put into them. That beg... (read more)

Author: Francis Ludwik

11. Outbound Call Center
November 05, 2009

Aetna was recently recognized by J.D. Power and Associates for providing an ?Outstanding Customer Service Experience? through its concierge customer service call center. This recognition follows a rigorous audit and random survey of Aetna customers. Based on their responses, J.D. Power and Associates certified the Aetna call center in High Point, N.C. under its 2009 Call Center Certification Program. Share E-mail this page to a friend Print this page Bookmark this page RSS-XML alerts Facebook Outbound Call Center by Five 9 Outbound Call Center Global Online Community H... (read more)

Author: Health Insurance

12. Congress Extends Numerous Tax Breaks
November 03, 2009

The recent Tax Extenders and AMT Relief Act of 2008 (Extenders Act) provides extensions for several popular tax breaks and the addition of several new relief provisions, including disaster-area tax relief. Following is an overview of some of the key provisions for individuals and business owners in the new legislation: College Tuition Deduction. The above-the-line deduction for up to $4,000 of college tuition and related fees was retroactively restored for 2008 and extended through 2009. Optional Sales Tax Deduction. The optional itemized deduction for general state and local sales t... (read more)

Author: Francis Ludwik

13. 10 Winning Strategies to Stop Repossession
November 02, 2009

To avoid repossession, you must be proactive in finding a solution to your finance situation. These are some proved winning strategies that work to stop repossession : 1. Mortgage Audit Service If your barrister reveals, mistakes you could cancel the entire loan or just use the data as a negotiating chip with your lender to stop the repossession. Since only a property solicitor is qualified to do this kind of review, don't become a victim of others that say they can perform this service for you. If you need extra money, you can take out a share of your equity and use it for pressing ... (read more)

Author: emma mccluskey

14. Is Your Resident Energy Efficient?
November 01, 2009

Whether you are making plans to live 'off the grid' and achieve freedom from energy bills or merely'kick back' and enjoy lower electric bills, the first step is always to understand your house's energy use and employ good old fashioned energy conservation techniques. The reason for this is simple - you can not be charged for what you do not use in terms of energy...well this is strictly false if you are on a utility company's's budget payment system...but we'll pretend for a second that isn't the case. So, if you reduce energy use, your energy bill will go down. Makes sense. So...how do ... (read more)

Author: Eddie Cross

15. How a home energy audit helps
November 01, 2009

A home energy audit will identify areas in the energy consuming systems of your home where improvement is required. It will help you know how much you can benefit from living in an energy efficient home. It will also help you prioritize in which order you should address the problems that are identified. For example heat loss through the ceiling and walls can be very large if the insulation is not up to the mark. It is not necessary that your house was not built properly. It can happen that at the time your house was built the insulation requirements were lesser since energy costs at the ... (read more)

Author: Larry Gordon

16. Office space consolidation is a great idea, regardless of the economy
November 01, 2009

Office space consolidation is a great idea, regardless of the economy. When dealing with subleasing or selling the space, however, there are a few issues you should take into consideration regarding the physical and logical segregation of your IT infrastructure. Regarding your business, consider the following: Have you conducted an IT assets audit? A network security audit? We recommend performing an IT assets/network security audit annually and whenever major changes occur--office moves, consolidations, prior to switching accounting systems, after mass layoffs, et cetera. Other poin... (read more)

Author: Raj Goel

17. Home Energy Audit - make a start
November 01, 2009

A home energy audit will reveal a lot about how your home is using up energy. You can even do a basic audit yourself though it is best to have one done by a professional as well. You can do a walk through carefully noting your findings so that at the end you have organized information to make decisions. To get started on the home energy audit you can begin by checking for air leaks. This can give you significant energy savings and when you fix the problems that you identify the home will be more comfortable to live in as well. There are many places where you should check for potential air... (read more)

Author: Larry Gordon

18. Save on Your Energy Bills Today
October 29, 2009

If you are intending to live 'off the grid' and free yourself from energy bills or merely'kick back' and enjoy lower energy bills, the first step is always to appreciate your home's energy usage and employ good old fashioned energy efficient methodologies. The reason for this is simple - you can not be charged for what you don't use re energy...well this is precisely untrue if you are on a utility company's's budget payment system...but we'll pretend for an instant that is not the case. So, if you use less energy, your energy bill will go down. Makes sense. So...how do you conserve energ... (read more)

Author: Brooks Witt

19. TJC Information Management Readiness Standards - What You Need to Know
October 29, 2009

The Joint Commission has updated and expanded its information management accreditation readiness standards for hospitals and related organizations. New readiness standards for information management and technology risk management are requiring hospitals to rethink how they will protect and secure sensitive information, audit, and improve continuity of operations and disaster recovery planning. The Joint Commission evaluates the quality and safety of care for more than 15,000 healthcare organizations. To maintain and earn accreditation, organizations must have an extensive on-site review b... (read more)

Author: Katherine Janiszewski

20. Prepaid Legal: A Review At What It Takes To Truly Succeed.
October 29, 2009

By paying a monthly fee you are able to retain the services of an attorney. This is the product presented by Prepaid Legal The services fluctuate, but you can have benefits that vary from telephone consultation, IRS audit legal services to even trial defense. So even though this is a great product, why are scores of people failing? Financial data of the company is revealed at the end of every quarter given that it is a publicly traded company. Some disconcerting information was released after the third quarter of 2009. Many of their sales representatives have very meager results. In ... (read more)

Author: Randy Disert

21. ERP IMPLEMENTATION
October 28, 2009

ERP IMPLEMENTATION ERP implementation: when, why and how? Making ERP success: Identifying the right elements- Part IV A methodical implementation of ERP system starts from the preliminary analysis of ERP readiness audit for the client. What is discussed here is the key issue concerning the implementation methodology. (http://www.eresourceerp.com/erp-implementation-when-why-how.html) The current business performance of the client, forthcoming strategic plans, investment potentials, culture and general human resource characteristics, expectations, and objective settlings f... (read more)

Author: eresource erp

22. Do-It-Yourself Home Energy Audits
October 28, 2009

You can easily conduct a home energy audit yourself. With a simple but diligent walk-through, you can spot many problems in any type of house. When auditing your home, keep a checklist of areas you have inspected and problems you found. This list will help you prioritize your energy efficiency upgrades. When you start your home energy audit, first, make a list of obvious air leaks (drafts). The potential energy savings from reducing drafts in a home may range from 5% to 30% per year, and the home is generally much more comfortable afterward. Check for indoor air leaks, such as gaps along ... (read more)

Author: Larry Gordon

23. Is Your House Energy Efficient?
October 27, 2009

Whether you are planning to live 'off the grid' and achieve liberation from energy bills or simply'kick back' and enjoy lower energy bills, the first step is always to understand your home's energy usage and employ good old fashioned energy conservation techniques. So, if you use less power, your energy bill will go down. So...how do you conserve energy? It all starts with understanding your home, and more to the point, understand how you and your folks use energy. Simple everyday activities, like turning off the lights when you leave a room really can sum up to contribute. If you ha... (read more)

Author: Lester Tyler

24. How to Avoid an IRS Tax Audit
October 27, 2009

An IRS Tax Audit can be one of the scariest situations a person or business can face. Sometimes the IRS has a different benefit because the average person doesn’t know enough tax law to protect against an audit. An IRS Tax Audit can be activated by irregularities on a taxpayer’s tax return or simply because the tax return has been selected at random to be audited, a tax return will be audited because the data detailed on the return is distinctive from the data that the IRS has got from the other sources. A common example of this is when a taxpayer forgets to report interest they earned on a sa... (read more)

Author: Leo Miller

25. Effective log management - A way to be compliant
October 27, 2009

More and more organizations today are gearing up themselves to prove their compliance with multitude of the external regulations, domain mandates, and not to forget their internal policies. In this kind of scenario an effective and efficient log management will definitely make the life of the administrators very easy. An efficient and cost effective automated log management software is a boon as it helps in providing organized log data for the organizations security compliance needs. This automated log management software will also help organizations effectively complete different stages of th... (read more)

Author: Sudhakar K

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