The audit cycle typically involves several distinct steps. First is the identification process, where the company meets with auditors to identify the accounting areas that need to be reviewed.

The 2020 audit cycle was unlike any other, with a host of accounting and reporting issues brought to the forefront by shifts to remote work, shuttered businesses and a standstill in deal activity.

For many beneficiaries, the prospect of a Social Security audit in the United States can be both stressful and overwhelming. These audits are conducted to ensure that recipients are adhering to ...

As a result, the 2020 year-end audit cycle is likely to be one of the most challenging in recent memory, as companies confront obstacles such as headcount reductions and remote work arrangements.

Since the appointment of Minister Dlamini as head of Social Development in November 2010, the department has been achieving clean audit reports since the 2012/13 financial cycle.