How Audit Tools Can Make The Auditing Process So Much Easier

Audit tools are software programs which can be used to carry out the financial and process audits which companies need to make sure they are running as efficiently as possible. Auditing has a long history, but only in the most recent part of it has it been possible to automate so many of the tasks. Manual auditing did not seem laborious to people at the time, because they had nothing to compare it with. It did, though, necessarily limit the numbers of calculations which could be carried out.

The original audits were carried out by governments and royalty to show people under them that their tax contributions were being spent in their own interests. An independent review will always retain more credibility than one produced by the organization itself, and so it is with corporate auditing. Most modern audits are carried out by third parties who are paid for by the company or government entity being audited, and the purpose of them is to improve public relations. Often, the companies are looking for more investment.

Another form of audit which is becoming increasingly common is the internal audit, where companies are trying to improve their own performance from within. This audit is nearly always carried out by the company's own employees, whether they are trained accountants or not. Using software tools can be especially important here, because they allow people who are not trained accountants to get a far better idea of how a trained accountant would carry out a certain task. They also reduce the chances of inaccurate figures skewing a result.

help with audit

There are other types of audit which can be crucially important to the improvement of a company's performance, and these are known as process audits. A process audit allows you to examine the effectiveness of one of the processes within a company, that is, one of the systems which is designed to produce a specific result or objective. Each process can be audited in turn to see if changes would produce a better result for the same investment of time and resources. The tools needed for process auditing can be more varied, and can even need to be custom ordered from software developers.

These specialist audit tools will not be cheap as they will need to be developed specifically for the process of your company. Make sure you don't spend money on any software you cannot adapt as your processes adapt. Expensive software needs to last for many years to make the investment worthwhile. It is even possible, if yours is a large enough company and you intend to do enough auditing, to hire your own full time in house software developers. You will then be able to give specific ongoing instruction as you develop your audit tools.

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After Microsoft's Free Basics Moment, Spotlight on White Space Tech - The Wire

The Wire

After Microsoft's Free Basics Moment, Spotlight on White Space Tech
The Wire
The DoT is undertaking an internal audit of just how much spectrum is up for grabs, while the telecom regulator may kick off a consultation process in the coming months. Microsoft CEO Satya Nadella with Information Technology Minister Ravi Shankar Prasad.

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Billions wasted by local governments across SA - Independent Online

Independent Online

Billions wasted by local governments across SA
Independent Online
And the problems are the same: unskilled municipal officials and mayors; failure to ensure that the basics - including budgeting, cost-management and adhering to the prescribed tender processes -are done correctly; as well as a lack of accountability .

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Cogta to aid poor performing municipalities - IMIESA

IMIESA

Cogta to aid poor performing municipalities
IMIESA
According to Cogta Minister Des Van Rooyen the department has a Back to Basics Programme as an overall framework and it is working with the Auditor General's office, National Treasury, provincial Cooperative Governance and provincial Treasury .

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Achieving compliance in the cloud - CSO Online

Achieving compliance in the cloud
CSO Online
More and more organizations are moving toward cloud technologies for scalability, cost reduction, and new service offerings. Here's a look at cloud basics and auditing for compliance challenges.

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Proof Of License, Insurance Missing For Volunteers Who Drove Children In State Care - Northwest Public Radio

Northwest Public Radio

Proof Of License, Insurance Missing For Volunteers Who Drove Children In State Care
Northwest Public Radio
A driver's license and proof of insurance are two basics before getting behind the wheel. But Washington state auditors couldn't find those documents for four volunteer drivers who ferried foster youth to appointments. . In response to the audit, the .

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Tax Software: The Basics Work, but Peace of Mind Costs Extra - New York Times

New York Times

Tax Software: The Basics Work, but Peace of Mind Costs Extra
New York Times
And TaxAct coaxed me with its Protection Plus audit assistance. These add-ons, of course, cost extra. Maybe the tax software companies are trying to distinguish themselves with something besides their return-preparation programs EUR” because, though the .

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South Africa: Cogta Providing Support to Struggling Municipalities - AllAfrica.com

South Africa: Cogta Providing Support to Struggling Municipalities
AllAfrica.com
Cooperative Governance and Traditional Affairs Minister Des Van Rooyen says the department is providing support to municipalities that were flagged as having performed poorly in the Auditor General's latest report. . As part of consolidating the .

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Alum Rock faces credit slam after critical state audit - The Mercury News

The Mercury News

Alum Rock faces credit slam after critical state audit
The Mercury News
The bathrooms at Cesar Chavez elementary school are EURœin despicable condition,EUR Gonzalez said. She was objecting to the board spending $10 million to build a Fischer Middle School multipurpose room while delaying repairs on basics like bathrooms and .

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The five basics - Republica

Republica

The five basics
Republica
To ensure this, the Election Commission, in its Political Party Relations Draft Bill, has proposed that EURœthe parties that do not submit annual audit reports may cease to be registered with the Election CommissionEUR. The current Political Party Relation .

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