Internal controls to handle risks outside of accounting systems are generally referred to as general controls, encompassing proper separation of duties in the accounting organization… Read More »Separation of Duties: Why is financial aid a high risk area?
Adaptive Insights: What level of detail do you currently use to support strategic long-range financial plans?
However, knowing your turnover rate does little to support strategic business plans. Strategic Client Will have to be essential for making accurate, well informed, and… Read More »Adaptive Insights: What level of detail do you currently use to support strategic long-range financial plans?
To control costs and compliance effectively, organizations need to take advantage of automated systems that reduce manual effort and enable finance professionals to use their… Read More »Adaptive Insights: Are your financial reports useful for decision making?
Auditing: Is there evidence that prior audit issues were included in the scope for proper follow-up?
If all the facts concerning financial transactions are properly and accurately recorded and if the owners and managers of business enterprises are entirely honest and… Read More »Auditing: Is there evidence that prior audit issues were included in the scope for proper follow-up?
EPC Contracts can ensure that the commitments and obligations of the contractors, vendors and subcontractors are fulfilled in accordance with the objectives and requirements of… Read More »EPC Contracts: What are the stages in project monitoring?
Project manager, or decision maker, there tends to be more emphasis placed on the need for power (the need to influence) and achievement (need to… Read More »EPC Contracts: What are the fundamentals you rely on to make a successful project?
Accounting is the process of collecting, summarizing, analyzing and recording data or financial transactions, perform any combination of routine calculating, posting, and verifying duties to… Read More »Auditing: Why do accounting and auditing rely on accurate records?
Inbound logistics systems can vary in terms of importance, scope, cost, and complexity, depending on where your organization is located in the supply chain, the… Read More »EPC Contracts: Is there a significant level of technology risk?