The difference between fraud, waste and abuse is a matter of degrees. Only fraud is a reportable condition under Yellow Book standards.
If you work for an audit shop with more than three professionals, you likely struggle with getting your audit report out the door. First of all, let me reassure you that you are perfectly normal. Nothing wicked or dastardly is afoot. Every audit team I have ever worked with wishes they could finish quicker. We […]
Objectives: Identify when auditors work with internal controls Distinguish between a control and a substantive or compliance test Identify the differences between the COSO model and the COSO ERM model This book, so far, has been written from the perspective of a manager trying to implement controls in his or her own organization. Now we […]