Small-business owners can apply the results of inventory audits to examine their inventory management procedures and recording methods. These audits assure small-business owners that the company's ...

Lansing — Michigan’s Liquor Control Commission lacked the proper controls to accurately track its spirit inventory or its licensing program, resulting in hundreds of thousands of dollars in missing ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

Editor’s note: The coronavirus pandemic has made inventory testing a huge challenge for auditors, particularly for client entities with a March 31 fiscal year end. Audit firms are requiring staff to ...

Correction: A previous version of the story listed the audit meeting for 8 a.m. Wednesday. The meeting is taking place on Tuesday and the file will be updated with information from the discussion. A ...