System Audit: The data and information generated in companies today are endless. The information that is processed and processed within a company is incalculable. Companies, increasingly, need technology to work, requiring complex software and computerized equipment to develop their activity in an optimized and efficient manner. That prevailing presence of software and technology causes the […]
What are the COSO Five Components of Internal Control
Internal control is a very important thing for companies, for their management, and which aims to make it possible to better control all the processes implemented by the company to achieve its objectives. Definition of internal control Internal control can be defined as all the securities that contribute to the control of the company. His […]
What is an External Audit – Types and Functions of an External Audit
The business environment is very complex and the number of operations and processes that are developed in an organization are many, especially in companies that already have a sufficiently large dimension and operate internationally. This is where the concept of audit becomes important to have greater control over the company. Companies should try to have […]
10 – Things to Consider in Your Internal Audit Report
I will never forget the advice of our college English teacher who said, “It’s not what you say but how you say it matters.” Of course his statement was somewhat exaggerated, but one thing is certain: the way of saying things makes all the difference. A well-written audit report should inspire action, while a poor […]
What is Auditing – A brief Introduction of an Audit?
What is an Audit – Auditing Definition An audit or auditing ensures that the accounts reflect a true picture of the economic reality of a business. We may also define the auditing or audit as: “An audit is a process of analyzing the company, its finances or its operation, conducted by an independent provider. Having […]