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Internal Audit vs. Quality Control: What’s the Difference?

Internal Audit 360

GUEST BLOG A s a consultant, I review internal audit departments at multiple financial services organizations each year while conducting Quality Assurance Reviews. As an internal auditor, it’s essential to understand the differences between these two essential functions and ensure that they are separated appropriately.

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Auditing in Accounting: What it is and how it works

ThomsonReuters

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . One of these expanded service areas is audit. . But what exactly does offering auditing services entail? What’s the difference between accounting vs auditing?

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? What are the roles and responsibilities for accountants? Preparing tax returns.

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The Post-Internship Shuffle: How to Switch Banks, Groups, or Locations

Brian DeChesare

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Demand for additional hires depends on the market, deal activity, and interns’ performance in different groups. Or at least switch groups.

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The Connected Risk Journey: How to Discover Risk When and Where It Really Matters

Audit Board

On your connected risk journey, careful planning and guidance from audit, risk management, and compliance professionals are essential for business success when facing risk challenges such as digital transformation, climate change, supply chain disruption, and economic uncertainty. 2023 is shaping up to be a pivotal year for business leaders.

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Auditing a System Implementation: Potential Questions, Risks, and Audit Areas of Focus

Audit Board

My organization, Northwest Natural , went through a major implementation not too long ago, and we had to decide how internal audit would be involved. At the time, we looked for resources to help guide us on how and when to conduct an audit, but ultimately we had to make decisions that worked for our company on our specific project.