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.

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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.

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Billions wasted by local governments across SA - Independent Online

Independent Online

Billions wasted by local governments across SA
Independent Online
Johannesburg - South Africa's municipalities continue to bleed billions of rand in taxpayers' money on irregular and wasteful expenditure, despite local governments battling to deliver services. And the problems are the same: unskilled municipal .

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Achieving compliance in the cloud - CSO Online

Achieving compliance in the cloud
CSO Online
In this short article we will review cloud basics and look at auditing for compliance challenges in the cloud. Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources .

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Your start-up received an audit notice EUR what's next? - International Law Office

Your start-up received an audit notice EUR what's next?
International Law Office
More information about your rights with respect to statute of limitations can be found here. The agent is proposing adjustments you don't agree with EUR” what next? If you think the agent has made a mistake, you can request a meeting with the agent and .

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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
Trying out this year's tax-preparation software was like wandering through a bazaar: Everybody was trying to sell me something I suspected I didn't need. TurboTax pressed me to buy its MAX benefits, promising EURœtotal peace of mind.EUR H&R Block urged an .

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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 .

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NSW agencies struggle with security basics - ZDNet

ZDNet

NSW agencies struggle with security basics
ZDNet
(Image: Audit Office of NSW). For those with an interest in information security, who would like a sobering read to take the edge off the holiday cheer, the Report on Internal Controls and Governance 2017 from the Audit Office of New South Wales fits .

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Cogta to aid poor performing municipalities - IMIESA

IMIESA

Cogta to aid poor performing municipalities
IMIESA
The Department of Cooperative Governance and Traditional Affairs (Cogta) is providing support to municipalities that were flagged as having performed poorly in the Auditor General's latest report. According to Cogta Minister Des Van Rooyen the .

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