A well-planned, properly structured information technology (IT) audit program is essential to evaluate risk management practices, internal control systems, and compliance with regulations and corporate policies. Our IT audit and compliance practice helps ensure that your organization is risk-focused, promotes sound IT controls, ensures the timely resolution of audit deficiencies, and informs the board of directors of the effectiveness of risk management practices. We recognize that this is often difficult to perform internally as organizations must plan, manage and monitor rapidly changing technologies to enable it to deliver and support new products, services, and delivery channels to remain competitive in their marketplace. However, this rate of change, and the resulting increased reliance on technology, makes the inclusion of IT audit coverage essential to an effective organization.
Schneider Downs’ IT audit and compliance professionals help organizations gain valuable insights into their processes and technologies. Our dedicated IT audit and compliance professionals have experience working with a wide variety of industries and companies of all sizes. We will partner with you to provide comprehensive IT audits and compliance reviews that will ensure your organization has effective and efficient technology controls that better align the technology function with their business and risk strategies.
Back in July, the IRS formally removed regulation §1.451-5 from the Code of Federal Regulation. The regulation had permitted some companies to defer ...
The general rule under Internal Revenue Code §451 is that an item of income shall be included in gross income for the taxable year or receipt unless ...
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