Accounting and Finance

Unlocking Business Value through External Audits: An Introduction In today’s fast-paced business landscape, companies are constantly striving to improve their performance, increase transparency, and mitigate risks. One effective way to achieve these goals is by conducting external audits. External audits are independent examinations of a company’s financial statements, internal controls, and operations, providing stakeholders with assurance that the organization is operating efficiently and effectively. In this blog post, we will explore the concept of external audits and their impact on business value. ...

Introduction In the wake of corporate scandals and accounting frauds in the early 2000s, the Sarbanes-Oxley Act (SOX) was enacted in 2002 to protect investors and improve corporate governance. The law applies to publicly traded companies in the United States and aims to ensure the accuracy and reliability of financial reporting. According to a survey by Protiviti, 71% of organizations reported that SOX compliance has a significant impact on their financial reporting processes. ...