The business process known as internal audit is a method of tracking and testing procedures and practices in order to evaluate them against pre-determined standards in areas such as accounting compliance and integrity, statutory and regulatory compliance, quality control, delivery of services, environmental impact and customer satisfaction. An internal audit […]
Accountancy has an image problem when viewed as a potential career. Often depicted in the media as tedious ‘bean counters’, accountants probably reached their lowest ebb in terms of public representation when the British comedy team Monty Python released their ‘Vocational guidance counselor’ sketch in the 1960s. This stereotype of […]
Accrual based accounting is the system of choice adopted by professionally qualified accountants to record the financial transactions of major corporations. It has so many advantages when compared with the alternative, cash based bookkeeping, that it should be favored by businesses of any size. Even if you are just starting […]
