How a SOC Audit Creates Flexibility on your Internal Commitments
If your business provides outsourced service functions like payroll, cloud computing, document management, SaaS, or many others, your customers may be looking for independent validation of your controls. This could be to satisfy their own Sarbanes-Oxley requirements or as part of their own internal due diligence on vendors. In one
IRS Announces Initial Audit Campaigns for Large Business and International Division
The IRS will be pursuing a new audit strategy known as “campaigns,” a move towards issue-based examinations. The move represents an effort to more efficiently utilize auditing resources by targeting specific issues that the IRS believes raise the risk of non-compliance. On January 31, the Large Business and International (LB&I)
Here’s How a Distributor beat a Tough Deadline Using Internal Audits
It’s a fact that all businesses face risk. The questions that business leaders need to confront on a daily basis are numerous: Is fraud occurring in your business? Are you complying with regulations? Does staff follow established policies and procedures? As technology and business strategy change, so do the risks
Employee Benefit Plan Audit FAQ: What do I Need to Know?
Does my plan need an audit? ERISA generally requires “large plans” to have an audit of the financial statements. The general rule is that plans with 100 or more participants at the beginning of the plan year are considered “large plans,” and plans with fewer than 100 participants are considered