Meet Bayi Pognon!
Bayi is originally from Benin, a French-speaking country in West Africa! In her free time, Bayi enjoys spending time with her husband and three children, hiking, reading, traveling, and learning about other cultures. Bayi’s father was an accountant which led her to pursue a career in the same field. She has a bachelor’s degree in […]
5 Ways to Detect Fraud
Fraud, according to Webster’s Dictionary, is defined as “illegal activities undertaken by an individual or company that are done to give an advantage to the perpetrator,” but any business owner knows that this definition is far more complicated than that. It’s a huge risk that can affect your company’s bottom line, employee salary, and the […]
Understanding Audit Opinion Reports
When you’re feeling ill and find yourself at any doctor’s office or walk-in clinic, what are you looking for? Usually, it’s some sort of relief from whatever ailment you’re suffering from, whether it be a headache, a stomachache, or a broken arm. You’re searching for outside advice about what might be wrong internally, and any […]
Maximizing the Value of Your Internal Audit
The word audit often makes employees and directors nervous. Why is someone looking into what we do? What is going to be found? What changes are coming? For any audit to be successful, leadership must be open to discussing tough issues and taking advantage of opportunities presented to improve the organization’s overall functioning. If a […]
Non-Profit Audits
An audit is an examination by an outside party, conducted to ensure that an organization’s financial records are accurate and in accordance with the law. You may not think of non-profit organizations in the same way that you think of corporations, but nonetheless they are a major part of the United States economy.
When is a Financial Statement Compilation Necessary?
The world of auditing can be a mysterious one to the layman, and much of the terminology used in the industry can be confusing. One such term that is commonly misunderstood is the compilation. Today we wanted to explain compilations: what they are, why you would need one, how they differ from reviews or audits, […]
Forming an Audit Committee
Audit committees are necessary groups in organizations to ensure the integrity of financial reporting. The Sarbanes-Oxley Act of 2002 made it a requirement for all public companies to have audit committees, and many private and nonprofit organizations have implemented them as well. Having an effective audit committee can strengthen your organization and improve its financial […]
How to be prepared for an external audit
Preparing your team for an external audit can feel overwhelming, especially if this is your first time going through this process. Every external audit is different, depending on the industry you work in and the scope and the standard against which you will be audited.
6 Tips for Internal Audit Report Writing
Some people will say that an internal audit report is meant to communicate what an audit found or make recommendations for improvement. However, the ultimate goal of an internal audit report is to persuade readers to take action. The writing style of an internal audit report can make a big difference in persuading readers to […]
What is a Business Audit and Why Do I Need One?
With so much to do, it’s hard to keep your small business running efficiently. That’s why a financial audit from a licensed CPA from the Baird Audit Group is a game-changer for your company.