Key Takeaways Organizations often think about audits only when a certification deadline approaches or when an auditor sends a long list of document requests. At that point, teams begin searching for ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

Small, privately held businesses that warehouse inventory in an onsite or offsite location typically conduct an annual internal inventory audit. While procedures for counting and valuing inventories ...

Intelligent Audit earns top industry recognition for DeepDetectAI’s role in advancing accuracy, fraud detection, and ...

Nearly $300 million was spent on city consultant services across nearly every department over less than three years. Austin Energy, the economic development department, and the communications and ...

Inventory is a large part of the auditing process for companies with physical goods. Inventory is a substantial portion of total assets for many companies. In addition, there are many complex ...

Editor’s note: The coronavirus pandemic has made inventory testing a huge challenge for auditors, particularly for client entities with a March 31 fiscal year end. Audit firms are requiring staff to ...