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 ...

Have you ever pulled up your personal finances, only to find that something doesn’t add up? As you go back through and check each individual transaction to find the mistake, you’re actually performing ...

Because Medicare and Medicaid claims audit requests can look like routine billing-related correspondence, they can be easy to miss, leading to expensive and potentially catastrophic consequences.

Inexperience with PCAOB standards is a significant reason for an “unacceptably high” rate of noncompliant audits of broker-dealers annual reports, according to a report focused on helping auditors get ...