Auditing Capitalizing on Economic Value Added - EVA is a measurement tool designed to strengthen companies' return on capital investments. A study of best practices in EVA reveals that the metric can help reduce capital costs and improve gross revenues. Tad Leahy Depreciation Matters - Calculating depreciation of assets should be simple, but the IRS casts a foreboding shadow that obscures the picture.
Some basic guidelines can help to balance economic and tax considerations.
In fact, operational audits can save companies millions. Mindset - Combining the skills of the accountant and the private detective means understanding not only the numbers, but also human nature. Web-based benchmarking data abounds, but the big hurdle remains speedy implementation of results. The purpose of this article is to summarize and compare audit objective concepts embodied in the Standards for the Professional Practice of Internal Auditing and the Integrated Framework for Internal Control. Not only can the accounting profession balance its books when it comes to auditing, it also must take the blame for perpetuating the myth of auditing as a loss-leader.