The horizontal audit is the performance of audit procedures or activities, processes, and evaluations to examine the different functions or departments. The purpose of performing a horizontal audit is to examine and observe whether the different departments have the same control standard. It is also called “Peer Audit.” It is very important for the auditor …
Internal audits and external audits are both the watchdog of entities and shareholders; however, there are some key differences between internal and external audits from some perspectives. For example, purpose, employment, legal requirement, reporting, and so on. The following are the key differences and similarities between internal audit and external audit: The Different between External …
10 Differences Between Internal Audit and External Audit You Should Know Read More »
Overview: Deloitte, EY, PricewaterhouseCoopers (PwC), and KPMG are the leading service providers in the accounting sector — as a group discussed as the Big Four. Voluminous of the financial and consulting amenities presented by these firms – for example, counseling on investment resolutions – including locating relationships in very enormous collections of data. This data …
Big Four Audit Firms: What Are They? And Why We Call Them Big 4 Read More »
Definition: The audit basically means an examination of financial reports or other reports by the independent person or organization where the opinion is expressed based on the fact of their review. There are many types of audits and different levels of assurance provided by auditors. For example, the financial audit is the audit of the …
What is Auditing? (Definition, Purpose, Example, And More) Read More »
Internal Audit Opinion: Internal auditors normally issue their reports to related parties such as the auditee, audit committee, and board of directors. Internal audit normally does not provide the opinion like external audit, but it usually concludes what they found during the cause of internal audit. For example, the significant internal control matters, non-compliance with …
KPMG Lakehouse As data volumes continue to increase, organizations face significant challenges in managing, processing, and analyzing their data effectively. KPMG, a leading professional services company, has developed a new data management solution called the “KPMG Lakehouse.” This article will review the technical details of the KPMG Lakehouse solution and its potential benefits for organizations. …
KPGM Lakehouse Vs. Deloitte University: Which one is better? Read More »
What is audit firm? An audit firm is a professional services firm that provides auditing and other financial services to businesses and organizations. Their main role is to conduct independent assessments of a company’s financial statements and internal controls to ensure that they are accurate, reliable, and compliant with accounting standards and regulations. Essentially, audit …
What to Look For When Choosing an Auditing Firm? (8 Points You Should Assess) Read More »
Whether you’re a startup trying to get its feet strong in the Cambodian market, an international business trying to understand the market dynamics of Cambodia, or an established business entity needing professional consultation, this article is for you. Cambodia is an Asian country popular for its natural attractions, tourism, and textile industries. Therefore, many international …
10 Best Business Consultancy and Advisory Services In Cambodia Read More »
Disclaimer: The article is written based on our writer’s research for educational purposes only. Any entity, authority, or regulator does not endorse it. Cambodia’s natural landscapes, beaches, and tourism industry attracts many international tourists and investments. However, the hospitality industry is not the only one where foreigners like to invest in Cambodia. Many other industries, …
In the modern-day age, informational asymmetries are pretty non-existent. Coupled with increasing awareness regarding acts and policies of the company, there has been upward pressure on companies that have forced them to do better in terms of meeting the respective KPIs and ensuring that they can comply with their social policy that can extrapolate better …
