Author Articles

Alexander Chertok, ACCA, DipIFR - Page 6

Audit, tax, and advisory resources from our team.

What Triggers a HUD Audit?

A HUD audit is an official financial and compliance review conducted by the U.S. Department of Housing and Urban Development (HUD) to ensure that organizations receiving HUD funds adhere to federal regulations. Various factors can trigger a HUD audit, ranging from financial thresholds to routine monitoring and fraud investigations. Understanding these triggers can help organizations maintain compliance and avoid financial or legal penalties.

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November 17, 2025Audits

How to Prepare for an Internal Audit

Internal audits are essential for ensuring compliance and operational efficiency, but proper preparation is key. This guide outlines the definition and importance of internal auditing, provides a detailed 7-step checklist for preparation, and offers best practices to help organizations turn audits into opportunities for growth.

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November 17, 2025Audits

Us and Canada Certified Internal Auditor Services

Enhance transparency and compliance with our expert internal audit services for the US and Canada. Our certified team specializes in global standards, including IIA and SOX requirements, delivering reliability customized to your unique sector.

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November 6, 2025Audits

What Are the 4 C’s of Internal Audit?

The field of internal auditing plays a crucial role in ensuring organizations operate efficiently, ethically, and in compliance with applicable laws and regulations. A successful internal audit function relies on four fundamental pillars, often referred to as the “4 C’s”: Competence, Confidentiality, Communication, and Collaboration. These principles guide auditors in delivering meaningful and impactful results. Let’s explore each of these elements in detail.

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November 6, 2025Compliance & Reporting

What Happens After an Audit Report?

Receiving an audit report is a critical moment for any business. It provides insights into areas of non-compliance, operational inefficiencies, or potential risks. But what happens next? Businesses must take immediate action to address the findings, make necessary adjustments, and ensure compliance. Here's what typically follows after an audit report is issued.

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November 6, 2025Industry Insights

Do Hedge Funds Get Audited?

Yes, hedge funds undergo regular audits as part of standard industry practice. These audits are critical for ensuring compliance, maintaining investor confidence, and verifying the accuracy of financial statements. Here’s an overview of why audits are essential for hedge funds and what they involve.

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November 6, 2025Audits

The 2025 Audit Season

As the 2025 audit season approaches, early preparation is key to maintaining fiscal transparency and compliance. Beyond meeting routine requirements, this season offers organizations a valuable opportunity to refine financial practices and gain a clear picture of their financial health.

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November 6, 2025Audits

What Is the Threshold for an A-133 Single Audit?

A Single Audit, formerly known as an A-133 audit, is a detailed examination of an entity’s financial statements and federal award expenditures. This audit ensures compliance with federal regulations and is required for organizations that receive significant federal funding.

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November 6, 2025Compliance & Reporting

What Is the Difference Between PCAOB and US GAAP?

When financial reporting enters the public sphere, two sets of standards rise to the surface—PCAOB and US GAAP. It is true that they may seem interchangeable at first glance. However, it should be recognized that they serve very different functions. This distinction is fundamental for acknowledging how a PCAOB audit is different from a normal audit.

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November 6, 2025Industry Insights

Private Equity Fund Audits: Requirements, Process, and How to Prepare

Private equity fund audits are essential for maintaining investor confidence, ensuring fair asset valuation, and meeting strict SEC regulations. This guide explores the critical components of the audit process—from financial statement reviews to complex valuation methodologies—and provides actionable steps for fund managers to prepare effectively.

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November 6, 2025Audits

How Long Should You Keep Your Tax Records in Case of an Audit?

How long should you keep your tax records? While the general IRS rule is three years, exceptions for underreported income or property ownership can extend this timeline significantly. This guide breaks down specific retention periods for income, expenses, and investments, while offering best practices for organizing and securing your financial documents.

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November 6, 2025Industry Insights

Audit Services for Private Equity and Hedge Funds

Audits are essential for private equity and hedge funds to ensure regulatory compliance, valuation accuracy, and investor confidence. This guide explores the audit process—from planning to reporting—while outlining the key services provided, typical costs, and best practices for selecting the right audit firm to navigate complex financial landscapes.

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