What is an RAC audit?

Answer Recovery audit contractors investigate Medicare fraud committed by health care providers through RAC audits. The Department of Health and Human Services (DHHS) conducted a three-year demonstration ... Read More »

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What is a VAT audit?

Value-added tax, or VAT, is a sales-tax system used by many countries outside the United States. Businesses must keep detailed accounting records to ensure they are collecting and paying the correc... Read More »

What is a sox audit?

SOX is an abbreviation of Sarbanes-Oxley Act of 2002, which aims to protect investors by requiring that companies have controls in place to prevent misuse, fraud and loss of data. A SOX audit is on... Read More »

What is an ISO audit?

An ISO audit is an independent third party audit of a company's quality management system by an external certification body. This is the final step for a company to become ISO 9001 certified for qu... Read More »

What is an audit report?

An audit report is the summary of the findings of an audit that is made by the auditor himself. It generally contains the financial records and accounts of a company, and it is normally done in one... Read More »