Author Archives: Chrissy Walters, CPA, MBA

New Year’s Resolution: Process Improvements, One Small Step at a Time

New Year’s resolutions are rarely achieved because people tend to make them too extreme. If your goal is to start exercising, you shouldn’t start January 1 with a marathon. Think baby steps. The same rationale should be applied to your business goals. Every company has room for improvement.

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Championship Matchup: Business Risks Versus Internal Controls

A company’s internal controls should not be limited to risks that directly impact financial statement line items such as improper revenue recognition or unsupported reconciliations. You should consider other risks that would be detrimental to your business and what controls might be established to mitigate those risks.

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Winning Sequels—How to Expand the Role of Flowcharts Throughout Your Enterprise

What should you do after you complete your flowcharts? Should you place them on a bookshelf with books you may never read again? Absolutely not. Instead, you should use each flowchart as a tool to strengthen your business.

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Narratives – Beating Them Up and Making Them Stronger

Do you have narratives, but your current process documentation is outdated or lacks sufficient detail? Follow these steps to toughen them up!

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Every Company Can Benefit from Flowcharts

Imagine a company that is running without documented processes in place. Even someone who is not an internal audit expert would think that would raise some red flags. What about companies that have outdated documented processes, or documentation with a sub-par level of detail? Shouldn’t that also raise red flags?

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The Secrets to Excellent Audit Documentation

Reviewers don’t want to give the same comments over and over again. A good practice is to make a checklist of those comments and quickly go through them before you turn in the next project for review.

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Strategies for Hiring and Retaining the Elusive Senior Internal Auditor… and Devising a Solid Backup Plan

While internal auditing opens many doors for employees, it can create hiring issues for department heads. This blog post offers strategies for finding the right experienced internal auditors; retaining good employees; and devising and implementing staffing solutions for times when your department needs assistance.

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