Audit Quotes

“One sure way to increase a businesses profits is to implement a process improvement program. When a business audits it's internal processes and extracts waste from those processes, the result is inevitably more time or money being leftover.”
― Hendrith Vanlon Smith Jr

“Laws continue to be enacted, and the regulatory environment has become more complex due to unacceptable conduct remediation. Consequently, entities continue to be compelled to demonstrate compliance with legal mandates through documented assurance assessments.”
― Robert E. Davis, Assuring IT Legal Compliance

“Having routine internal audits helps to make sure that the company passes it's external audits.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Internal controls and audit oversight are indispensable pillars of sound financial management, providing a framework for safeguarding assets, ensuring the accuracy and reliability of financial reporting, and promoting operational efficiency.”
― Hendrith Vanlon Smith Jr., The Virtuous Boardroom: How Ethical Corporate Governance Can Cultivate Company Success

“Month to month there were many discrepancies carried forward without resolution through what I jokingly called my “999 (or Nick Leeson)” account.”
― Jon Edgell, Bust

“If you receive a ‘certified’ message in a bottle with an audit notice, be sure to have the most complete records and do not forget those receipts before the IRS boards your vessel for inspection.”
― Jeffrey Schneider EA CTRS NTPIF, Now What? I Got a Tax Notice from the IRS. Help!: Defining and deconstructing the scary and confusing letters that land in your mailbox.

“I would like to fasten on someone from the older generation and say to him: ‘I see that you have come to the last stage of human life; you are close upon your hundredth year, or even beyond: come now, hold an audit of your life. Reckon how much of your time has been taken up by a money-lender, how much by a mistress, a patron, a client, quarrelling with your wife, dashing about the city on your social obligations. Consider also the diseases which we have brought on ourselves, and the time too which has been unused.”
― SENECA, On the Shortness of Life: Life Is Long if You Know How to Use It

“Nothing, not an IRS audit, not even waterboarding, is worse than having country music forced on you.”
― Sol Luckman, Musings from a Small Island: Everything under the Sun