Why Training For Auditing Firms Is Easily Done Online

Auditing firms have the responsibility of making sure that the accounts of public bodies and private companies are kept in order. It is a highly responsible job, in that outside investors use these published accounts to decide where to place their investment money, not just their own money but that of their clients as well. There have been several scandals in recent times where companies have created false accounts in order to maintain a high share price and attract further investment. Of course, this can only be kept up for so long before the entire company collapses.

The history of auditing stretches back a long way, to the times when the British monarchy itself would employ someone to create a financial statement. This was destined to show the subjects that their money was being used wisely and in their best interests. Corporate auditing began during the time of the Industrial Revolution, and evolved as company structures became more complex. The next major change came with the introduction of computer technology, and the ability to process far greater numbers of transactions.

It may sometimes seem that the major auditing firms have an easy existence. All they need to do is analyze the performance and financial statements of other businesses, and they will always get plenty of work because they have an established name. The people who use the prepared audits to make financial choices are swayed by the quality of the name on those audited accounts. It is true that a new accounting firm would find it extremely difficult to enter the industry and compete.

help with audit

Life is not always that easy, though, because auditing companies will always be working under serious pressure. Even though it is usually the company being audited which is paying the bill, they can often try to pull the wool over the eyes of the auditors. If the auditors do not spot what they should, they could themselves be in serious trouble. Within the last decade on of the largest accounting firms in the world lost their license to practice when a company they had been auditing went bankrupt.

The work of auditing firms has changed as a result of this, and also as a result of ever improving technology. It is common now for external auditors to follow the pattern of internal auditing, and use the company's own systems to carry out the audit. There is now little difference between the job roles of an internal or external auditor, and training for either should prepare you for any auditing position you may choose. Because the work involved in auditing is now largely completed on computers, it is easily taught through online learning. This means that you can take advantage of one of the many online courses when training for positions with auditing firms.

audit information

 

 



Surviving an IRS Tax Audit - Click Here



Audit Information News:

 

Building Science & Energy Auditing Fundamentals - Buildings (press release) (blog)

Buildings (press release) (blog)

Building Science & Energy Auditing Fundamentals
Buildings (press release) (blog)
This 2-hour course provides a comprehensive overview of residential building system basics and energy auditing principles. The program begins with an introduction to the fundamental energy and science concepts that shape the performance and analysis of .

..


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 EURin 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 .

..


Global Audit Software Industry report indicates Industrial Forecast, Growth Rate & Market Share 2022 - satPRnews (press release)

Global Audit Software Industry report indicates Industrial Forecast, Growth Rate & Market Share 2022
satPRnews (press release)
The report firstly introduced the Audit Software Market basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main .

and more »
..


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.

and more »
..


This RSS feed URL is deprecated
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news..


 

share