Computer Assisted Audit Tools & Techniques
Auditors need computer assisted audit tools and techniques (CAATT) to enhance capabilities and productivity. Many such tools and techniques can be implemented at minimal cost and relative ease, ranging...
View ArticleHow to Develop an Audit Tool
In general an audit tool is anything auditors use to complete an audit. An audit tool can be software such as ACL, Access or Excel. It can also be a hard-copy audit program or check list. In fact,...
View ArticleSox Audit Tools
The Sarbanes-Oxley Act of 2002 (SOX) is Congressional legislation passed to improve the accuracy and validity of accounting information. SOX creates a new level of audits for publicly held companies....
View ArticleForensic Auditing Tools
In many ways, forensic audits are very much the same as traditional financial audits. The tools and techniques used to conduct them are also similar, with the exception being that traditional...
View ArticleTools to Audit Software
Software audit tools help you to prepare for software audits. These tools can save you time because they find all of the applications that are on your systems. As a result, you don't have to spend long...
View ArticleSafety Management Auditing Tools
Audits are used to assess compliance and verify conformance with guidelines related to occupational health and safety. As occupational health and safety management systems have matured, such audits are...
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The Disadvantages of Computer-Assisted Audit Techniques
With the technological age and the advancement of computers in the business profession, the advancement of auditing techniques to evaluate programs and transactions have also gone to an electronic...
View ArticleThe Disadvantages of an Audit
An audit is a process of checking and verifying a set of information or procedures. In a business context, the term usually refers to an external financial audit of a company's financial statements....
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Tax Requirements for Non-Profit Organizations
Nonprofit organizations do work that support the causes of groups such as religious, charitable, scientific and educational organizations. For example, they might promote youth sporting events or raise...
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How to Combine Organization Systems in Acquisitions
When two organizations combine forces to become one organization, mergers and acquisitions happen. The organizations might combine all that they own to create a brand new company that is a stronger and...
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Warehouse Operations Assessment Strategies
To make sure your warehouse operates efficiently and you can provide good services to your customers, you’ll need to conduct warehouse operations assessments at regular intervals. A good evaluation...
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Lean Manufacturing Standardizing Procedures
Lean manufacturing is a method by which you eliminate wasteful processes in your business. Whether you provide goods or services to your customers, when you eliminate waste you can make your business...
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Crisis Management Including Critical Incident Analysis
Ordinarily, crisis management involves a quick response, dissemination of accurate information, and consistent messages to employees, stakeholders and the public. Occasionally, a crisis of unusually...
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How to Terminate Evergreen Contracts
If your contract is evergreen, it contains language that automatically renews the contract when the initial term is up, saving both parties the chore of renegotiating. However, the simplicity of the...
View ArticleDoes a Business Need to File a 1099c on Bad Accounts Receivable?
If you let your customers do business with your company on credit, it's always possible some of them won't pay. When you earn the money, you record the payment due in accounts receivable. If the client...
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Changes in Organizational Structure & Management Styles
Professionals often have emotional attachments to their jobs and their roles in their company. Any time an organization goes through internal changes, it has the potential to impact the workplace...
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Sales Maximization Vs. Profit Maximization
The basics of running a business will always include the topics of sales maximization and profit maximization in the list of necessary information. While they are both useful concepts, though, they can...
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What Prevents a Company From Going Public?
Listing shares in the public market in an initial public offering, or IPO, may seem like the obvious evolution of a growing business. By going public, a company gains access to more capital and earns...
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What Can You Do When a Business Takes Your Business Name in the Same Town?
Your business name can help draw in customers and set you apart from the competition. So when another business steals your name, it can confuse your customers and spell disaster for your business....
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The Difference Between a Strategic Business Unit and a Division
When a business reaches such a size that a small group cannot effectively handle all of its routine tasks, the leaders may opt to split the company into sections. These sections can be categorized by...
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