Raising fraud awareness in a corporation Corporate fraud and misconduct are more common in smaller companies with less than 100 employees then in larger entities. In fact, small businesses lostalmost twice as much per scheme to fraud. At Roland Alemao Professional Corporation we encourage our clients to raise the level of fraud awareness within their …
New Canadian Standards for Compilations – The Auditing and Assurance Standards Board has issued a new standard on compilation engagements, Canadian Standard on Related Services (CSRS) 4200 Compilation Engagements. The new standard is effective for periods ending on or after December 14, 2021. The changes include: • The services that fall under the definition of …
Budgeting and forecasting have always been among the most crucial exercises across industries. A carefully planned annual budget allows you to continually track the financial health of a business. Budgets drive growth and development. Companies require budgets to run efficient operations. Unfortunately, many small to medium entities do not have a qualified CPA to prepare accurate …
Internal control procedures are created to assist management and its employees in their stewardship role in achieving the corporate business objectives. It also serves to provide guidance for the existence of basic and consistent business controls throughout the entity and to define our responsibilities for managing them. Common missteps in an audit practice In and …