compliance

An overview of what happens during an internal audit process

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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 […]

Advantages of accrual based accounting

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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 […]