benefits of internal audit function?
104631
1.  Improve system of internal controls, corporate governance, and risk management procedures.\n2.  Enhanced stakeholder satisfaction and trust.\n3.  Increased transparency, effectiveness, and efficiency of business operations.\n4.  Increased reliability of financial and operational information.\n5.  Enhanced business ethics and staff morale.\n\nP.S. Only pulic companies, such as SEC companies, are required to have an internal audit function.  Private companies do not have to have an internal auditor - it is their choice.
814514
Auditing means attending the class with the permission of the professor and/or the institution, but without being formally registered.  In other words, you don't have to take the tests, and you won't get a grade or credit for the class, but you are permitted to sit in on the lectures and class discussions. \n\nContrary to an earlier comment, auditiing does NOT mean taking the class pass/fail. It is a way of gaining knowledge from the course without having to be concerned about taking tests.\n\nGood luck!!
795152
There could be many reasons.  But, ultimately it helps management actually manage the business better by having it broken out into functional areas.  \n\nYou can divide a business up into functional areas such as Human Resources, Finance, Accounting, Production, Research & Development (R&D), etc. etc.   Imagine how hard it might be to have one manager over all of those areas?  But if you break it out, and you have one person directly responsible for a function, they will most likely have an expertise in that field.  Such as an HR Director.\n\nFrom a cost perspective, you can track costs more accurately by functional areas and also allow each area to create its own budget and then you can do budget analysis to see if that area is adding to the overall profit of the business.\n\nHope that helps some.
1166077
The biggest benefit, if you follow the rules, is the fact that liability stops with the assets of the corporation.  A sole propriator could in theary lose everything they own if found liable.  There are some tax benefits, and some negatives.  You'd best take the time to visit either a tax attorney or CPA and discuss your situation.
40830
hey im not so sure about the main number but I have a number here for audit\n\n(632) 5273252 - internal audit of P.B.I.\n\nJust ask them the main number for the main ofc.
863547
Yes, but unless you have a house or you itemize for some other reason it won't be worth it.\nWhen you file your taxes,  you automatically get a standard deduction that you don't need to show receipts for.\nIf you want to claim more,  you would first have to have receipts that cover the amount of your standard deduction.\n Not easy to do.
1011460
In general, YES.  It's always good to check with your company accountant or auditor on the specifics.
208359
check out http://compensation.blr.com/compensation/employee_performance_evaluation_samples.cfm
408699
It's a good idea to get a proof of mailing (such as a postmarked receipt) which you will then keep in your own files, along with the copy of your entire return that I know you are going to make!
233386
Some benefits include:\n\n1.Reinforce your brand each time an employee sends an email\n\n2.Ensures your company maintains a consistent professional profile\n\n3.Differentiates your company from competitors by providing a flexible communications tool\n\n4.Increases productivity and efficiency by directing recipients to relevant sections of your website, or to a freephone number\n\n5.Enables your company to send targeted and focused messages, increasing brand awareness\n\n6.Can be incorporated as part of a lead-generating process, using Web links\n\n7.Increases customer retention through more effective and continuous communications\n\n8.Contributes to the identification of new business opportunities by making your brand more visible \n\n\n\nI have also included a link that defines how to establish one and what to consider when creating your first campaign.
386255
I found two places that greatly explained why it helps.  The first quote below is part of an entire article on why Records in Health Care benefit certain things.\n\n"...Bradshaw and Braid remind us, the prime motivators for improvement in health care record keeping, have to support the defence of malpractice claims, as well to encourage health care research, audit and evaluation activity..."\n\nhttp://www.podiatry.curtin.edu.au/ebp.html\n\nThis next one is from the Commander In Chief from 2002.\n\n\n"...One area that will benefit males and females alike is better health care record keeping.  We believe that every soldier, airman, marine, sailor and coast guardsman is entitled to a comprehensive life-long medical record of illnesses and injuries they suffer, the care and inoculations they receive, and their exposure to different hazards, including pre-and post-deployment examinations..."\n\nhttp://www.house.gov/hasc/pressreleases/2002/02-03-13manhan.html\n\nThere you go!  Hope that helped.
623251
no it's one of the benefits
152464
The IRS chooses 1% of returns at random for auditing.\n\nThey use the information from those returns to develop rules that lead them to people likely to cheat, and audit likely cheaters in addition to the random picks.
1181703
Using IT usually entials using general audit software or computer assisted auditing techniques.\n\nIT can help in financial audit process by letting you perform testing routines such as recalculating and verifying balances, identifying control issues, testing for compliance with standards, aging and analysing accounts receivables/payables or any other time sensitive transactions, testing for duplicate payments, and gaps in invoice numbers, among others. \n\nThese kinds of software allows auditors to quantify the financial impact of errors, or internal control issues. Line management will respond more positively to problems and opportunities that are quantified.
1035235
Well In order to keep from being audited unnecessarily, first of all the fact that you are running a business should be very clear meaning if your state has any kind of permits that are required, you need to get those.  It would also help to have a DBA account with a bank.  As far as within the home itself you can deduct things like a portion of the rent or mortgage and the utilities,  this is based on a percentage of your home that your home office takes up.  This space needs to be separate and not in use by any other members of your family.  So unfortunately if you are running your business from the kitchen table you legally cannot deduct any of those expenses.  But if you were to divide part of a room and again make sure members of the family do not use that part of the room designated as your office you can use it as a deduction.  \n\nIf you are interested in a more detailed answer, provide me with more details by e-mailing me @ psionyx1665@yahoo.com,  I will then post the answer on my small business blog for you. http://1001bizideas.blogspot.com/
473438
Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal auditing, to their clients. Beyond carrying out the fundamental tasks of the occupation—preparing, analyzing, and verifying financial documents in order to provide information to clients—many accountants now are required to possess a wide range of knowledge and skills. Accountants and auditors are broadening the services they offer to include budget analysis, financial and investment planning, information technology consulting, and limited legal services.\n\nSpecific job duties vary widely among the four major fields of accounting: public, management, and government accounting and internal auditing.\n\nYou can read about each field by clicking on the link below.  There is also information about salary, working conditions and training requirements.
34558
Where I work operations management is audited as it relates to money flow and inventory control.  This is just standard accounting practice.