This article discusses three types of controls and how each type can be examined in a System and Organization audit. The first is the general control, which is probably the least understood and most often ignored by companies. A General control is designed to provide an overview of how the Company operates. Generally, this includes all personnel,...
There are many benefits to having a system and organization controls audit performed on your business. These audits will determine the effectiveness of your controls and the extent to which they can be applied to the activities of your business. This kind of review will also reveal any areas that require improvement and you may be able to make...
Independent public accountants are usually the only qualified professionals qualified to do employee benefit plan audits of large companies. This is because all tax laws are considered legal and binding and cannot be changed. When properly executed, the audits are attached to the employee's Form 5500 (annual return/statement of employee benefit)...