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How to enhance the audit experience

Menzies

Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase. Financial reporting council (FRC) The FRC is planning to tighten its ethical standards further to improve audit quality.

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How to Handle Recent HRSA Notices to Providers for Provider Relief Funding

Withum

As part of the conditions of funding, any organization that received or spent a total of $750,000 or more in federal funds, including PRF and ARP Rural, in their fiscal year would be subject to the Uniform Guidance Audit requirements, as outlined in the regulations at 45 Code of Federal Regulations (CFR) § 75 Subpart F.

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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big Four Audit Giants Shut Down Legal Operations in China Following ‘Regulatory Raids’ [ Law.com ]. The Big Four auditing giants have quietly shut down their legal affiliations in China following intense regulatory scrutiny, according to an investigation by Law.com International, in a major development for Asia’s legal industry.

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Friday Footnotes: EY and KPMG This Week’s Big 4 Lawsuits; Eliminate Accounting Majors?; Auditors Fire Messy Municipal | 4.29.22

Going Concern

Less work for EY auditors? Scarred by its role as auditor to fraudulent payments group Wirecard, the Big Four firm has searched its soul (more thoroughly than it searched Wirecard’s books) and this week announced “the most comprehensive process of change in its more than 100-year history”. Ernst & Young Hit With U.K.

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Monday Afternoon Accounting News Brief: Stop Calling It an Audit; Deloitters Clean Up Some Trash | 8.21.23

Going Concern

Someone who isn’t an auditor complains on Blockworks about using the word audit for things that aren’t audits and then explains in graphic detail the various audit-like things that one can engage in (that aren’t audits). I’ll leave this to my audit colleagues. Anyway, the news.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. Audit City Of Rawlins Opts To Select New CPA’s For City Audits [ Bigfoot99 News ] Here’s how much a city audit costs in Wyoming. What Role Should Auditors Play in Corporate Compliance?

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Streamlining procurement processes: A case study with Airbase and Doximity.

Airbase

As the most extensive network for healthcare professionals in the U.S., A cleaner audit trail: Airbase’s ability to automatically create an audit trail for every transaction is essential for Doximity — and their auditors appreciate it. “Our Doximity has complex spending requirements that presented several challenges. “We

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