by Curtis Joachim | Aug 23, 2018 | Audit
“Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an understanding of the entity and its internal control to...
by Curtis Joachim | Apr 10, 2018 | Audit
“For public accounting firms, there is a clear independence line between auditing the financial statements of a business and also handling the accounting. However, as the variety of consulting services offered by CPA firms and the associated fees grow, the...
by Curtis Joachim | Aug 28, 2017 | Audit, DoD Personnel
According to an article from Reuters.com, an auditor has found that the U.S. Army fudged its accounts by trillions of dollars. “The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an...
by Curtis Joachim | Aug 1, 2017 | Audit
Undercover GAO agents were able to purchase $1.2 million in military equipment by posing as a fake federal law enforcement agency. Although the Pentagon is now in the process of fixing these security issues brought to light by this audit, some congressional members...
by Curtis Joachim | Jul 20, 2017 | Audit
Internal auditors can use a number of strategies to help organizations do a better job tracking down fraud, according to a panel of internal auditors, fraud examiners, and a regulator....