Auditing The Auditors

Liability is any obligation of outflow of resources that we are obliged to recognize as a result of what we have done in the past. Any outflow of resources that has economic value that we are committed to take responsibility of is known as liability. There are various kinds of liabilities that one can think [...]

Internal audit is no doubt the best tool for internal control. I am sure you already know that the establishment and operation of internal control in an organization is the best way to prevent fraud, deter fraud and discover fraud. FTA stands for Fraud Triangle Analytics. FTA is a revolutionary tool designed and introduced by [...]