A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

A monthly overview of things you need to know as an architect or aspiring architect. Unlock the full InfoQ experience by logging in! Stay updated with your favorite authors and topics, engage with ...

Most companies are subject to audit, be these quality or financial. Audits, as defined in the internal standards for quality audits, ISO 19011:2018—Guidelines for auditing management systems, are a ...

Regulatory compliance is a critical aspect of the IT landscape these days, and the ability to audit database activities showing who did what to which data when is a specific requirement of many ...

“Activities not Engaged in for Profit” or, in layman’s terms, hobbies, tend to be a red flag at the IRS. Many taxpayers have hobbies that earn a bit of income and the IRS states that in such cases, ...

An assisted audit refers to CAATs, or computer-assisted audit tools and techniques, that use software and programs dedicated to the auditing process to help out auditors, especially with large ...

Yesterday the IRS released a long-anticipated update to its Audit Technique Guide for the low-income housing tax credit (“LIHTC”) program. The guide is intended to assist IRS examiners charged with ...

The Internal Revenue Service has recently updated its Entertainment Audit Technique Guide to help tax professionals when reporting various items related to the entertainment industry. Processing ...