Consulting engagements are much more fun than audit engagements: less restrictions, less documentation, and often more interesting work. And to top it off, on a consulting engagement you get to be helpful instead of critical. Nice! But if your main gig is auditing, consulting can be problematic. One problem arises when applying GAO auditing standards. […]
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How to Edit Performance Audit Reports for Readability
Performance audit reports are not exactly fun to read. Face it, no one cares as much about what you wrote as you do. And that is why you have to make it so easy for a reader to get to your message so that they can hardly resist reading more.
That Auditing Standard Doesn’t Apply to Me!
Which auditing standard does your audit team follow? IIA, GAGAS, AICPA, PCAOB or something else? Is your loyalty to one particular auditing standard blinding you to the helpfulness and strengths of the others? It is my habit to send my course materials to all of my clients a few weeks in advance so they have […]
What are the Yellow Book CPE requirements?
One of the toughest aspects of doing a Yellow Book audit is complying with the Yellow Book CPE requirements. And the requirements are a little bit involved.
Why We Need Fraud Brainstorming
Over and over and over again, we hear of instances where auditors miss fraudulent activity.
Is Lean Six Sigma a New Religion?
Why are we doing it this way? The term Lean Six Sigma is so mysterious and vague it could pertain to almost anything.
Why an audit peer review is like a trip to the dentist
An audit peer review is like a trip to the dentist; both are pretty annoying experiences, but both are ultimately good for us. A dentist keeps your gorgeous teeth in your mouth and a peer review keeps your professional credibility in tact. The dreaded dentist Last year, one of my fillings fell out and I […]
4 Facets of Government Corruption
While we auditors are busy designing our audits to catch fraud, we often bypass government corruption because it is so hard to prove. It’s easier for us to uncover the account clerk’s transfers into a personal account or prove that the executive assistant overcharged for travel expenses than it is for us to look at […]
Are You Qualified to Conduct a Yellow Book Audit?
Have you heard that crazy rumor that the GAO certifies auditors to conduct Yellow Book audits? Well, they don’t! I think the GAO has plenty to do without adding that to their to-do list! But before you take a Yellow Book audit on, I recommend that you do five things: 1.Make sure your team is […]
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