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Both auditors and recounters were hypervigilant to possible sources of error, and yet they disagree on their tallies by about 20 thousandths of a percent.
These findings should be informative to both auditors and management when confronted with a range of IT and non-IT internal control weaknesses following the initial identification and disclosure of multiple material weaknesses as required by SOX.
It is also getting stricter about implementation, questioning 26% of requests for credits to be issued, and rejecting 2%, versus 9% and 1% previously.The whole process of designing a project, having it reviewed by both auditors and the board, and then repeating the procedure once the design has been implemented takes years, brokers say, and raises costs.
What united both Derek Jones and Dr Rita Austin was a readiness to admit that things should have been done very differently, as well as a rueful acceptance of the benefits of hindsight for both auditors and AMs.
The first 10 charts were reviewed independently by both auditors and the results compared.
Similar(55)
In spite of these limitations, the findings of this paper provide new insights into the role of individual auditors both for academics and practitioners and emphasize the importance of regarding individual auditors as an additional party to corporate tax reporting.
It was founded by María José Marín and Alberto Bravo Reyes (now both 27 years old), who became friends when they were both financial auditors.
It reports the results of a series of semi-structured interviews with both internal auditors and information systems professionals.
But a recent court appeal raises doubts about how much protection whistleblowers can count on.Nicholas Tides and Matthew Neumann, both internal auditors at Boeing, were sacked for talking to a reporter from the Seattle Post-Intelligencer about their concerns over the planemaker's internal controls.
Their work received extraordinary public disclosure, including the opportunity for anyone to study both the auditors' preliminary results and also the photographs and other evidence from the companies that documented the existence of the equipment within buildings, in dispute of the auditors' results.
Auditing, although clearly necessary to ensure that source documentation for study-collected information is available and accurate, consumes the time of both the auditors and the trials personnel in the centres.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com