Internal auditing is an independent appraisal function that is performed in a wide variety of companies, institutions, and governments. What distinguishes internal auditors from governmental auditors ...

Being the subject of an IRS audit is enough to make anyone sweat, but knowing your rights and the type of audit your facing can help make the process a little less stressful and drawn out. “There’s a ...

Here’s a quick breakdown of formal and informal audits: Audit (formal) – the annual ritual of providing objective evidence that a quality system is established, followed and effective. A good quality ...

An organizational communication audit is a formal evaluation of an organization's ability to communicate. This type of audit assesses factors such as the effectiveness of communication, the rate at ...

Auditing is an essential activity for small-business owners. Following proper auditing procedures helps businesses avoid tax problems later on, and helps companies assess their financial situations ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

You’ve received a letter from the IRS regarding an audit. What is your plan? Assuming the fetal position? Heavy drinking? Fleeing the country? Spontaneous combustion? None of these actions is ...

Audit fee increases varied widely in 2015 depending on the size and type of company being audited, according to a new survey. The median audit fee increase paid by SEC filers was 3.2% in 2015 over the ...