In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “When do you apply the 17 principles of internal control on your audit?”
audit
Double-Check Your Evidence
Before you put your professional reputation behind the audit conclusion and publish, double check your evidence!
Scope: The Boundary of Your Audit
Scope is the boundary of the audit and is one of three main parameters of your audit along with audit objective and methodologies.
Do I need an audit, a review, or a monitoring visit? What is the difference?
If you have doubts that your audit customer understands what you do and how important you are 🙂 , share this article with them: Plenty, my friend! Plenty. So, you think you need an audit? Or maybe you heard that you could get by with a review instead? Maybe you were asked to find someone […]
Confessions of a Recovering Auditor OR Does He Win or Lose? Yes, He Does!
Confessions include be more confident and more precise when you make an assertion. Sample size has to go up and you must do more work.
Assessing Risk in the Government Environment
Auditors are used to assessing risk during external audits. In the governmental environment, auditors cannot look at just financial issues.
Confessions of a Recovering Auditor OR Ye Shall Know the Formula, and the Formula Shall Set Ye Free!
“The Formula,” in many ways, may be the only formula you really need: Sample size = Confidence x Variation / Precision!
Is Statistics a Criminal Act? Or Remember X… That Hated Letter In College?
Is statistics a criminal act? Or, remember X… that letter hated in college? Sometimes, things seem more complicated than they need to be!
Disseminator
I am a sharer, a disseminator, and a bug-like genetic slave to my professional function as a teacher and an author.