Site of the Month for August 2011 relates to CPA and Accounting. Directory CPA includes links to browse for accounting information such as: CPE, CPA, tax, accounting service, income statement, cash flow, forensic services, income tax, budget management, accountant and more over.

Auditing is the assessment and or evaluation of product, process, unit and/or business in its totality against known standards. Consulting is the advice and/or work that is to be performed for the business or organization that is necessary to improve both quality and productivity of the business against known standards and/or practices. Both auditing and consulting are the two wings for the successful and effective operation of the business. Auditing can be accomplished by independent professional who can be of the same organization or of external independent organization. Auditing performed by the independent professional form within the organization is known as internal audits.

Audits performed by outside professionals can be either 2nd party audits or 3rd party audits. Auditing finds out what is necessary to bring the system of the organization in compliance.. Audits can be of different types such as system audits, supplier audits, process audits, area and/or department audits. Audits has to be performed with independence-i.e. auditor can not audit his/her own areas of responsibility and/or function. Consulting addresses and implements those findings which help maintain functionally effective system that improves the bottom-line of the business. Consulting is performed by the professionals from outside organization. It can be independent organization or your supplier in some cases. One thing to keep in mind that your customer can not provide you consulting.

To find an experienced and professional auditor and/or consultant is a challenge that many organizations face in this competitive environment. If your consultant has no auditing experience, especially third party audits, this organization may not help you successfully, as they are not exposed to other side of the world of the audits, thus may not in totality understand the requirements of the applicable standards. On other hand, selecting the auditor never exposed to the consulting world is also fills half of the glass of your requirements! Besides their experience, accreditation and qualification pertaining to your industry are equally important and crucial to this process.