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Showing posts from October, 2022

NSKT Global provides your business with affordable accounting & taxation services customized to meet every requirement!

  NSKT Global  dedicates an experienced and dedicated team of professionals to meet your CFO, payroll, accounting & bookkeeping, and tax-related needs with the help of well-trained & the best software available in the market! With the expertise of a well-trained workforce and highly efficient infrastructure, NSKT Global is launching several services in the USA to help businesses of all sizes access financial services that require hiring dedicated professionals. All services offered by NSKT Global are highly customizable, which allows businesses to avail themselves of a tailor-made infrastructure of tools and services. The prices for accounting services start from as low as $199, ranging up to $699 per month! This also makes accounting services affordable for smaller businesses, saving them from the drawbacks of not having dedicated staff handling their finances. NSKT Global has dedicated accountants for every client that chooses to avail of their services, working roun...

How SMEs can benefit from online bookkeeping services

  A business exists for one sole purpose: to create profits and enhance its financial standings. Accurate bookkeeping practices are a prerequisite to ensure the growth in earnings of a company. However, these services require the expertise of skilled workers, which costs a lot of money. Small and growing businesses cannot afford to hire full-time professionals that can provide  Bookkeeping Services . This is where online  accounting & bookkeeping services  come into the picture, as they are much cheaper and offer the same features as on-site professionals. Online  Bookkeeping Services  enable smaller businesses to achieve the same level of accuracy in their financial records that the larger companies enjoy, with the help of on-site professionals. Moreover, SMEs face several issues that can be addressed and solved with the involvement of Online  Bookkeeping Services . Let us understand these problems and how outsourcing these services online can hel...
  Businesses greatly benefit from the development of information systems and technology. The presence of hackers, malware, viruses, cybercrimes, etc., also brings increasing difficulties for an organization. Therefore, regular information systems security audits must provide frequent and rigorous follow-ups. However, the dearth of qualified personnel and appropriate frameworks in this field are commonly mentioned as the key obstacles to success. IT audit and information system security services aim to keep the firm’s overall operations and information systems smooth. These activities involve locating and evaluating potential risks and reducing or removing them. An independent evaluation and analysis of system records, actions, and related documents is known as an information systems security audit (ISSA). These audits aim to raise the standard for information security, avoid adverse information security plans, and maximize the effectiveness of security processes and safeguards. Ove...

Behavioural Red Flags & Internal control weakness that contributes to Fraud

  Even in organizations with anti-fraud programs, fraud can and does happen. To better understand the factors that can lead to occupational fraud, ACFE conducted the survey to identify the primary internal control weakness that allowed the fraud case to occur. The most common factor underlying occupational fraud in our study was a lack of internal controls; 29% of victim organizations did not have adequate controls to prevent fraud.   Another 20% of cases involved an override of existing internal controls, meaning the victim organization had implemented mechanisms to protect against fraud, but the perpetrator was able to circumvent those controls. Fraud Awareness Individuals with different levels of authority within an organization tend to have different amounts of access and influence, which can affect how they are able to perpetrate fraud. We analyzed how the internal control weaknesses varied by the perpetrator's position, as shown in Figure 30. Not surprisingly, a poor ton...