Special Report on
Finance, Public--Auditing - Trends
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THE MODERNIZATION OF FINANCIAL MANAGEMENT IN THE PUBLIC SECTOR has led to an increased focus on auditing and control. Performance budgeting, accrual accounting, and accountability for results require a different type of control and audit than used in the past. Modern audit and control systems must look beyond compliance with legislation and regulation, and toward controlling and auditing for results. In fact, the modernization of internal audit systems is crucial to helping public managers achieve results and make governments more efficient and effective. To understand the international evolution of internal auditing in ...
Accountants play a critical role in a company’s many financial facets. In general, they balance books, record costs and profits, execute payroll, pay taxes and bills, and issue financial statements to outside organizations. Although these may appear to be straightforward tasks, accountants are required to be well-versed in protocol and regulations to avoid scandal, which results in costly fines and marred reputations. However, the accounting industry is drawing a breath of fresh air after exchanging paper spitting calculators and ledger sheets for advanced accounting software. Career ... Read More
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