Audit

Using Risk to Plan a Better Audit

/ Audit

In the world of auditing, you can’t look at everything. If you tried to check every receipt or interview every single employee, an audit would take years. To plan intelligently, auditors have to use their judgment to figure out where the biggest problems are likely to be hiding. This is called “Risk-Based Planning.” It’s the […]

I’m a Grantee. What’s a Grant Audit?

/ Audit, Grantee

Any organization that relies heavily on grant money to operate projects or programs will likely experience a grant audit at some point. While many people think of an audit as a broad look at an organization’s overall finances, a grant audit is a more focused assessment. It looks specifically at how grant funds were spent

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