We all fear IRS audits. But what is the IRS process of choosing tax returns to audit? In this Q&A series, I asked a tax-law ...

Organizations that handle sensitive customer data must achieve SOC 2 compliance as their prime security step. Organizations ...

In a profession that has an entire season named for being busy, it’s no surprise when firm leaders find themselves bogged down in day-to-day tasks, unable to use their time productively for ...

The Roslyn School District did not always appropriately inventory and safeguard IT equipment, according to an audit by state Comptroller Thomas P. DiNapoli’s office released on Feb. 21.

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division. The IRS has audited significantly less than 1% of all individual ...

After a recent audit, the federal tax agency was confirmed to have many pieces of “legacy” equipment, that is, tech more than 25 years old, with some up to fifteen versions behind. A few ...

She has 15+ years of experience as a financial writer and technical analyst. An audit is a systematic, independent examination of financial records, statements, and operations to verify their ...

It's a fundamental aspect of audit risk assessment, alongside control risk and detection risk. Auditors evaluate inherent risk by assessing transaction complexity, accounting estimates ...