Business Administration

Tag: What is an Audit?

Effective Internal Controls for Cash

Mar 18, 2013

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by

David J Hoare MSA

in Accounting Systems and Technology

All businesses should have internal controls to deter fraud, detect theft, and preserve assets. Effective internal controls for cash prevent the proverbial hand in the cookie jar.
What is an Audit?

Mar 7, 2013

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by

David J Hoare MSA

in Income Taxes

An audit is defined as a methodical examination. Audits are grouped into two principal sets – financial and organizational compliance (usually related to licensure). For the small business entrepreneur, it is almost unheard of for them to have an organizational compliance audit.