Many teams still rely on annual stock audits, but with growing compliance and accuracy demands, that approach is increasingly risky. Inventory systems track transactions — inventory audits confirm physical existence and accuracy.Audit frequency should be driven by inventory risk, not habit. High-value or regulated items may need weekly checks, while low-risk stock might be verified monthly or quarterly. Infrequent audits often allow stock discrepancies to build up unnoticed.More organizations are now combining cycle counting with full audits to maintain audit-ready inventory year-round. Digital audit tools like Stockount support this by enabling faster verification, traceable audit records, and quicker reconciliation.Discussion:How often do you audit physical stock today? Has cycle counting or digital inventory auditing improved accuracy w

Dear Team, Trust this email finds you well. We would like to schedule a meeting with your team on the possibility of maintaining a repository for all audit engagements uploaded on MK Insight since inception. Kindly confirm the convenient date and time for the engagement. We appreciate your prompt response.

One user is getting this error message when trying to open documents that open for other people.  

I would like to get in touch with our account manager to discuss renewal options

Is there a way of running a report that exports records / actions along with their connected attachments?

If my laboratory's policy states that procedures will be reviewed every two years and when the document is reviewed it does not need to be changed, where can I document that the document was reviewed but does not require change so that the same document is maintained?

I’m interested in the new Web based Internal Audit application.Can anyone that is using it share their experience? 

One user in Pentana cannot log inhis account. It says username or password is incorrect. The other problem is that servers shows as offline despite the fact that it is online.

Hi Are there any local authorities that can share a risk API code?

In our recent report, we analyze the current auditor market share for U.S. Securities and Exchange Commission registrants in 2024.This year shows the first decrease in firms conducting audits within the past five years. However, the top ten firms by registrant remain unchanged while Deloitte & Touche added the most clients.Read more on how the audit market has been affected by SPACs, large accelerated filers, accelerated filers and more ⬇️ https://okt.to/tuVfDP  

I want to download data on S&P 500 audit fees in 2022? What should be done? Thank you very much!

Over the past year, initial public offerings (IPOs) have continued to decrease, but total gross proceeds generated from those listings are rising. The NASDAQ led the way in IPO listings, holding 84% of the IPO market, a jump from 48% in 2013. Manufacturing was the industry leader in both number of IPOs and total gross proceeds, more than doubling the second placed industries. Fewer special-purpose acquisition companies are listing, but nearly half of non-SPAC IPOs were companies not based in the US.Check out the rest of the report to find out about overall trends in gross proceeds, auditor market share, direct listings and more ⬇️

Critical audit matters (CAMs) provide an opportunity for enhanced clarity on the financial implications of climate change and ESG. Yet, a recent AASB report points out significant gaps in their implementation.Why do only 42 CAMs mention climate change, considering its influence on valuation judgments globally? And why is the US behind? Read more ⬇️Critical Audit Matters – Where’s climate change?

Total critical audit matters (CAMs) have been decreasing over the past three years – but the percentage of CAMs included in audit opinions keeps rising.In our first 2024 report, you’ll find out which CAM topics are the most common, which industries had the most CAMs per opinion, what percentage of SPACs had CAMs in their opinions, and which filers had the most interesting trends in CAMs per opinion.Get your free copy below ⬇️Critical audit matters: A three-year review