Articles & Resources

Explore our insightful blogs covering a wide range of topics in the audit industry.

How Often Should Internal Audits Be Conducted?

Internal audits are typically conducted annually, but their frequency can vary based on risks, regulatory requirements, and organizational changes. Learn when to adjust the frequency of audits to maintain effective internal controls and compliance.

Learn More

January 22, 2025

How is Internal Audit Different from External Audit?

Internal audits focus on improving processes, controls, and operations within an organization, while external audits are conducted by independent auditors to assess the accuracy of financial statements for regulatory purposes. Learn the key differences between internal and external audits.

Learn More

January 22, 2025

What are the Main Types of Internal Audits?

The main types of internal audits include financial audits, operational audits, compliance audits, IT audits, and environmental audits. Each audit type focuses on a specific area of an organization's operations, helping improve efficiency, compliance, and risk management.

Learn More

January 22, 2025

What is Included in an Internal Audit Report?

An internal audit report includes an overview of audit findings, identified risks, gaps in controls, recommendations for improvements, and a detailed action plan for addressing issues within an organization.

Learn More

January 22, 2025

Are There Different Retention Requirements for State Taxes?

Do state tax retention requirements differ from federal rules? Yes! Learn how to check your state’s guidelines and ensure compliance with tax record retention laws.

Learn More

January 22, 2025

What Should I Do If I Can’t Find a Tax Document During an Audit?

Lost a tax document during an audit? Learn how to request replacements, provide alternative records, or use an affidavit to address missing documents.

Learn More

January 22, 2025