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Overheard Myths About Internal Auditing

There are many incorrect perceptions of internal auditors - myths that have developed over time about the profession and some, unfortunately, perpetuated by auditors themselves. #1 Internal auditors are accountants by training. This…
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Finding Out about Cloud Security Auditing

Cloud computing, as defined by the National Institute of Standards and Technology (NIST), is “a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e., networks, servers,…
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Should Auditors be Blamed for The Fraud? (or Literally Everything)

Although it seemed like a rhetorical question in which every student who has taken their obligatory Audit course during university are able to answer this, it turns out that there has been a never-ending confusion about auditors responsibilities…
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Auditors vs Fraud Examiners

The accounting profession is responsible for the accuracy in presenting financial statements and ensuring that the statements are free of any misrepresentation. To ensure accuracy is present, each year these numbers are reviewed and analyzed…
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Audit from Spy to A.I.

Beginning Audit was one of the oldest professions in the world, some archeologist found them in many cultures like the Egyptian and Greeks. Back then their job was to verify someone else’s report, and in ancient times they don’t have…
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Can AI Replace Auditor ?

AI is no longer a theoretical possibility, it’s here. Artificial intelligence is moving beyond the popular image of self-driving cars and smart homes to become a large part of everyday life. It will continue to evolve, presenting us with…
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Big Data and The Roles in Auditing

Just like a storm, big data is the new wave that is taking over company operations. Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But…
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4 Key Steps for Auditors in Assessing Technology Risks

Emerging technology has brought a seemingly endless set of new risks to the clients that engage CPAs to perform audits. It is are altering the financial reporting environment substantially, and this change is accelerating. For example, artificial…
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MISCONCEPTIONS ABOUTS AUDITORS

Auditing isn’t a very exciting career path If you’ve ever heard a joke about accounting or auditing, you know that the tagline is almost always about it being a boring profession. But this couldn’t be further from the truth.…