While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the ...

Venable outlined steps CPAs should consider when developing strategic audit plans for their own clients. Keep lines of communication open. Venable believes communication is key to developing a ...

Meet with your auditor to confirm the audit plan and timeline. Be sure you both come away with a clear understanding of the who, what, when, where, how, and why for each step of the audit process all ...

But, planning the audit is often just as important as the audit itself. One of the most important steps in the pre-audit planning process is selecting the audit sample.

An audit can be an unpleasant surprise, or it can be a welcome opportunity to get your organization's affairs in order. While some audits -- such as those performed by the IRS -- come as a ...

1. Create a GDPR audit plan. The first step is to have a detailed plan and set of written, actionable and assignable processes that go through the law’s requirements step by step, Southwell says.

Robotics process automation (RPA) has become an efficient way to automate labor-intensive and repetitive tasks across a variety of business functions, including finance and accounting, legal, HR ...

Coding experts agree that ASCs should conduct regular audits of their coding processes to ensure the ASC is not upcoding, a possible fraud issue, or downcoding, leading to a loss of owed reimbursement ...