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Effective internal controls are crucial for SMEs
January 30, 2019Internal controls ensure the assets of your business remain free from fraud! Effective internal controls are crucial to SMEs as they are more vulnerable to fraud, theft and errors. Small businesses generally have weak internal controls and these failures begin with the business owners and management. Internal controls ensure the assets of the business remain […]
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Change in Audit Profession due to Technology Advancements
November 5, 2018Transformation of technology enhancing audit procedures. The transformation of technology has enhanced audit procedures evolving the traditional sources of information gathered during an audit. As businesses grow and operations become more complex, technology assists in analysing data. Cloud software have allowed access to large volumes of data, which enables the audit process to begin before […]
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External audits are more than just adhering to compliance obligations
June 28, 2018Audits are of value for areas other than just statutory obligations! Audits are perceived by entities, particularly non-listed entities as a compliance cost with government regulators to ensure the financial reports adhere to applicable Australian Accounting Standards. An audit proves to be of value for areas other than statutory obligations and can really enhance the […]
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