Why The Premium Audit Is Assuming Such Great Importance

Premium audit information is published so that outsiders can gain an insight into the financial and operating health of an organization. This can be important for public bodies, because it can inspire confidence in the electorate that money is being well spent, or in funding providers that they should be allocating more funding to that resource. It can be important for companies, because it can have a dramatic effect on their share price and influence the amount of money which can be raised from investors. Auditors have become ever more important in the age of high technology.

Auditing has always been carried out by external organizations, which are usually funded by the company or organization being audited. This is because these external auditing companies have the expertise and the dedicated trained staff to complete the audit quickly and effectively, and partly because of the need to show the world that the audit has been carried out impartially. There is now another dimension to auditing, in that companies are employing their own staff to evaluate processes and financial situations within their own organization.

The importance of the audit has increased greatly in recent times due to the media coverage of scandals involving companies who have covered up their accounting deficiencies. This is why using a premium auditing company is so important. Confidence in the finance industry is at an all time low, in the wake of the Enron disaster where a company went bankrupt, and the accounting firm which audited them lost their license to practice auditing. Even though this company was at the time one of the five largest accountants in the world, people still attach importance to seeing a well known name on the audit.

help with audit

Even though the premium audit is published externally, and carried out by a professional firm of accountants, it still involves procedures which are similar to those used during an internal audit. This is becoming more of a trend than ever before, especially now that computer software allows accountants to process thousands of calculations in short order. There is always the possibility of discovering an anomaly you would otherwise not see, if you can create patterns which should make sense.

Carrying out these audits can become an interesting life career, and it is a profession which is likely to remain stable. It can be guaranteed that auditing and accounting will be around long after anyone living now has passed away, so if you can achieve the necessary qualifications you can have a career for life. Online learning courses allow you to keep your preset occupation while you study for the new one, no matter what your working hours are. Qualification can get you an internship, and you can soon progress from there to being part of a real time premium audit.

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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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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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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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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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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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Preparing for an OCR HIPAA Risk Assessment Audit - HealthITSecurity.com

HealthITSecurity.com

Preparing for an OCR HIPAA Risk Assessment Audit
HealthITSecurity.com
March 27, 2017 - While healthcare organizations should not panic over the idea of a potential HIPAA audit or risk assessment, they should ensure that their privacy and security measures are comprehensive and current. This will not only keep sensitive .

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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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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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