The distrust on the part of the citizens towards the Public Administration has been affected in the last years. The lack of control and supervision of money from public coffers, as well as public tenders, has led to serious cases of fraud and corruption. And you can think, none of the types of audits that […]
What Is Comprehensive Audit Definition? How to conduct it?
How to measure the economic performance and financial resources of a company? Day by day, companies analyze many variables of their business; nevertheless, from time to time a more exhaustive investigation, analysis and control work is necessary. It is important to carry out this analysis in the most objective way and adjusted to the reality […]
What is Financial Fraud? How to Measure & Deduct Financial Frauds?
The advancement of new technologies has been beneficial for multiple disciplines or fields of study such as medicine, genetics, etc. However, this tool gives many more options when committing financial crimes or fraud. Financial frauds have been and continue to be one of the most studied topics throughout history and it is no wonder that […]
What is Fraud in Business? What Are The Measures To Deduct It?
Fraud is considered as an intentional act that seeks to assure its author or a third party an illegal benefit, to the detriment of a person. At the business level, it can be given through altered financial information, misappropriation of assets, inappropriate expenses and income, among others. The consequences of business fraud are economic losses, […]
What Are The Journal Entries? How to Audit Journal Entries?
The journal entries are the records that are made directly in the major general. These are used to record transactions, classifications, adjustments and corrections in the general ledger, and include: The standard journal entries, and Non-standard journal entries to record unusual transactions or non-recurring adjustments Evidence on journal entries is a mandatory procedure to mitigate […]