Auditing 22

A company can greatly increase its exposure to risk when it shifts processes to a supplier. The auditor can investigate and report on these risks, as described in the How to Audit Outsourced Functio……続きを見る

The 2024 Yellow Book (which is the most recent update) contains the latest version of generally accepted government auditing standards (GAGAS). The contents of the Yellow Book may seem incomprehensi……続きを見る

Internal audits can be ponderous affairs, requiring the use of an extensive audit program, multiple reviews, and the delayed issuance of findings and recommendations. In the Agile Auditing book, we ……続きを見る

This manual clarifies for the auditor every action needed to audit revenue. It describes the characteristics of revenue from an auditing perspective, and then goes on to describe the steps required ……続きを見る

"Essentials of Corporate Governance: Theoretical Foundations and Practical Application" provides a comprehensive guide to understanding the principles and practices of corporate governance. Authored……続きを見る

The 7 Habits of Effective Auditors manual discusses the top seven tasks that an auditor should address in order to be as effective as possible. The suggestions cover a broad range of topics, includi……続きを見る

Auditors use the audit risk model to determine the total amount of risk associated with an audit. In The Audit Risk Model manual, we describe how this model works and how the auditor can use it to m……続きを見る

The 2014 Green Book (which is the most recent update) contains the latest version of the federal government’s standards for internal control, which is used by federal agencies and other government e……続きを見る

Government entities present significant auditing challenges, since they may operate a multitude of funds, deal with grant funding, and account for significant infrastructure assets. In Auditing Stat……続きを見る

Remote audits can represent a major efficiency advantage for an audit firm, but only if they are handled correctly. In Conducting Remote Audits, we cover the advantages and disadvantages of this uni……続きを見る

There has been a 2,500-year evolution in structured means of control and management systems. Occupational health and safety management systems are an essential tool for initiating and driving cultur……続きを見る

How to Audit Receivables clarifies for the auditor every action needed to audit receivables. It describes the characteristics of receivables from an auditing perspective, and then goes on to describ……続きを見る

How to Audit Equity clarifies for the auditor every action needed to audit equity. It describes the characteristics of equity from an auditing perspective, and then goes on to describe the activitie……続きを見る

How to Audit for Fraud shows the auditor how to detect fraud. It does so by discussing fraud risk indicators and other clues indicating the presence of fraud, and itemizes the many extended audit pr……続きを見る

How to Audit Liabilities clarifies for the auditor every action needed to audit liabilities. It describes the characteristics of liabilities from an auditing perspective, and then goes on to describ……続きを見る

Errors and fraudulent transactions can be remarkably difficult to spot. In the Forensic Analytics manual, we provide a number of tools for teasing out these problem transactions from the masses of d……続きを見る

How to Audit Inventory clarifies for the auditor every action needed to audit inventory. It describes the characteristics of inventory from an auditing perspective, and then goes on to describe the ……続きを見る

Nonprofit entities present significant auditing challenges, since their reported results are closely tied to the nature of the contributions they receive, donor restrictions on the use of those cont……続きを見る

How to Audit Cash clarifies for the auditor every action needed to audit cash. It describes the characteristics of cash from an auditing perspective, and then goes on to describe the activities requ……続きを見る

The human resources function is a complex and essential part of a business, and so should be audited regularly to enhance its effectiveness. In How to Audit Human Resources, we cover the many questi……続きを見る

The auditor may be called upon to examine an organization’s information technology (IT) function, which is one of the more difficult areas to audit, given its highly technical nature. In Guide to IT……続きを見る

Construction contractors present significant auditing challenges, since they rely extensively on estimates to derive their reported revenue and profit figures. In Auditing Construction Contractors, ……続きを見る

One of the most essential elements of an audit is the determination of whether a client can continue as a going concern. This manual helps the auditor navigate through the going concern topic by cov……続きを見る

A successful internal audit program is an essential tool for determining how well an organization’s processes and controls are functioning. It can identify high-risk areas and determine how well exi……続きを見る

Detailed data analysis is the primary tool for spotting fraud within an organization. What has been missed is that fraud is committed by people, and people engage in fraud based on behavioral condit……続きを見る

How to Audit Fixed Assets clarifies for the auditor every action needed to audit fixed assets. It describes the characteristics of fixed assets from an auditing perspective, and then goes on to desc……続きを見る

The benefits and compensation paid by an employer represent a large part of its total expenditures, and also lay it open to risks of cost overruns, lawsuits, and government penalties. In this manual……続きを見る

A large part of the total expenditures of a business originate in the procurement department. Given the volume of cash involved, it makes sense for a business to conduct ongoing audits of every proc……続きを見る

Analytical procedures can be a powerful tool for the examination of a client’s financial statements. They can highlight possible material misstatements, and even replace substantive tests that would……続きを見る

The creation, organization, and review of audit working papers is one of the main tasks of the auditor, especially since an auditor can be legally liable if working papers are not prepared properly.……続きを見る