Expense Tips

Strong internal controls are a necessity for internal auditors.
| Expense Tips

Hitting the Audit Trail: Strengthening Controls for Internal Auditing

Internal auditors have a lot on their plate. As the primary party responsible for keeping their organization’s financial controls stable, strong, and comprehensive, they play a significant role in ensuring compliance. They work on the organization’s behalf, finding areas of improvement, communicating with stakeholders, managing risk and detecting fraud. One of the ways they do […]

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Inaction can cost your company money by letting misuse slip through the cracks or by missing rebates.
| Expense Tips, Savings

The Cost of Inaction

According to a 2020 report from the Open Contracting Partnership and Spend Network, almost 97% of all public procurement spend around the world per year ($12.6 trillion) is opaque (meaning there is no transparency about what the spend is). Essentially all of that money is subject to significant risk such as waste and fraud. Now,

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