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Selecting an external auditor is one of the most important financial decisions a company can make. A thorough, reliable audit provides validation and assurance for stakeholders, lenders, and the public while helping the company uncover risks and opportunities for improvement. However, the auditor selection process requires careful due diligence to...

I. Introduction - Brief overview of what auditing is and why auditing standards and best practices are important for ensuring quality financial reporting and preventing fraud II. Top 10 Auditing Standards to Know 1. GAAS - Generally Accepted Auditing Standards  - Overview of what GAAS is, who issues it, and...

I. Introduction - Audits are a critical yet time-consuming process for organizations. Manual audits can drag on for weeks or months, tying up staff resources. - By leveraging automation tools, auditors can work faster and focus their efforts on high-value tasks. - This post will explore 10 powerful automation tools...

I. Introduction - Brief overview of what an audit is and why companies undergo audits - The importance of being prepared and organized for an audit  - Preview the checklist that will be provided II. Gather Necessary Documentation - Financial statements and accounting records   - Income statements, balance sheets, cash...