Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Thursday, September 20, 2012

Mold removal from commercial premises

English: Debris infested with black mold, unde...
 (Photo credit: Wikipedia)

Contamination from mold is not just limited to private dwellings, commercial properties such as offices and warehouses can succumb too. A mold outbreak is a serious risk to the health of anyone who is working in such a contaminated atmosphere and this is especially true of black mold which is the most dangerous of all molds.

Even though you may not be able to see the mold, it doesn’t mean that it is not a danger to health, mold is toxic and can contribute to what has become known as “sick building syndrome” and this in turn can make people ill. The problem with sick building syndrome is that even though no mold is visible or can be smelt, the actual building is the cause of the problem and this has a knock-on effect for the business as a whole, as it is their responsibility.

To multiply and survive mold needs a good temperature, an undisturbed spot and moisture, so an area that is suffering from the damp and the cold can expect to be susceptible to mold growth.
If you need to remove mold then it is essential that you hire a professional company that has the experience and the know how to remove mold quickly and safely. A professional mold removal company will use the latest tools and techniques to remove the mold by removing all traces of mold from behind drywall and from carpeting etc. All items that need to be removed from the premises should be done so by being placed inside sealed bags, as this will prevent contamination spreading into the rest of the building.

The affected area should be isolated in order that any mold spores that have been disturbed do not filter throughout the rest of the building, also when handling contaminated materials safety equipment will need to be worn. If the people you have hired do not follow these simple safety rules then they are not professional mold removal experts and you will need to take action to replace them.





Tuesday, August 21, 2012

Understanding Audit Procedure


Auditors make a note of any "material" discrepancies in the organization's financial statements. Auditors employed by Audit Agencies need to adhere to Generally Accepted Governmental Accounting Standards (GAGAS), as provided by the General Accountability Office. Auditors may be liable to 3rd parties who are damaged by making decisions based on information in audited reports. Auditors have to research whether or not the evaluation findings are crystal clear and bring about actions that make certain continuous development of the sustainability management process.

Audits can last from several days to several months and will vary depending on the unit’s size, complexity, and the specific audit objectives. Audit companies that supply audit/attest products and services to nonpublic customers are susceptible to peer assessments performed according to appropriate AICPA standards, and audit businesses that provide audit/attest services to public customers are at the mercy of investigations performed by the PCAOB. Audit firms are usually CPA firms and/or public accounting firms. Audits provide the highest degree of assurance for evaluators. Audit is not a path for the faint of heart. Audit followup is an integral part of good management, and is a shared responsibility of agency management officials and auditors.

Internal Audit meets with the auditee to discuss the audit scope and subsequent audit steps. Internal auditors should inform audit committees of significant issues communicated to management and management's response. Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve the university's operations. Internal auditing performed in many different ways and there are a variety of models that may be applied to discharging the audit role. Internal auditing offers goal assurance on the performance of internal processes and answerability to the people in charge of governance in the corporation.

Audits can last from several days to several months and will vary depending on the unit’s size, complexity, and the specific audit objectives. Audits can be more efficient, saving labor time spent on routine calculations. Audits are an important administration tool to be utilized for verifying objective proof of procedures, to evaluate how effectively procedures are actually put in place, for figuring out the effectiveness of accomplishing any defined target levels, to supply proof with regards to decrease and reduction of trouble spots.

Audit committees typically review financial reports quarterly and annually in publicly traded companies . Audit committees typically approve selection of the external auditor . Audit committee members are classified as either outsiders or affiliated. An audit committee member is affiliated if she is a company employee or if she is a ‘grey’ director. Audit committees should ensure the independence of the internal audit function, as the auditors may provide more complete information to the committee when they are free from management's influence. Some audit committee chairs have taught internal auditors to adopt a positive approach to assisting administration comprehend emerging dangers and also the impact they've already had within the organization in the foreseeable future. Internal auditor is appointed by the Audit Committee of a company and its job is to detect and prevent fraud, to increase efficiency and effectiveness of the resources and to identify/manage risks and to ensure the company's internal control is working properly.

Monday, August 20, 2012

Dealing With Water Damage in Commercial Buildings


If your commercial property suffers a burst pipe, a flood or if the sprinkler system is flooded it can cause a massive amount of damage to your building, your documents, wiring, elements and everything else contained in the building. If your business require you to house your customers' property the you may end up having to cover the cost of replacing anything that is lost or damage due to the water damage. Water damage in any commercial property an be financially devastating and I highly recommend getting flood insurance.

Floods which are a result of hurricanes or heavy rainfall can cause water to flood two or more floors depending on the severity of the weather conditions, it can also ring in debris from outside. This includes matter carried form the street, rivers, creeks and sewers. Water damage can be devastating both in terms of the damage and financially. It may be too dangerous to allow people to enter the building following a flood because there could be structural damage and if the power is still on there could be loose wiring which is still live making it even more dangerous. As a business owner you have a duty of care to both your employees and your customers. You will need to ensure that the power is turned off even before any professional flood clean-up services enter the property.

Once the building has been made safe, your insurance provider can come in to assess the damages before anything is fixed. However, some flood services will actually help you through this process and often your insurer will actually accept verified evidence from an expert to confirm the damage sustained to the property. It is important that above all else you take safety precautions to minimize not only the damage to the property but also to ensure the safety of those you have a responsibility too in terms of your business.

Wednesday, August 15, 2012

Why Perform An Energy Audit?

BioEthanol for Sustainable Transport
(Photo credit: Wikipedia)

In today's environmentally friendly society businesses are under increasing pressure to be 'greener'. One way to do this is by performing an energy audit. Not only will becoming more energy efficient make you greener, but you will enjoy a nice little saving on those utility bis as well.

Our flagship office is actually being remodelled right now and we are hoping to make the building itself greener by using building materials from sustainable sources and by ensuring that it is well insulated to cut down on heating bills. It was our contractor who first got us turned on to energy audits. He suggested periodic energy audits before during and after the remodelling work to make sure things were going according to plan. It is important to set a goal to achieve and use the audits to chart your progress towards it. The audit can actually reveal hidden ways that your property I losing energy. So whether you need to make sure your HVAC is working properly or finding out where electricity is wasted the energy audit can make everything clearer for you.

A lot of this also applies to residential property. In fact, when you think about it, performing an energy audit and acting on the findings must be a viable way to raise the value of your property. I only wish I had done it sooner! Think of all the money I could have been saving on my energy bills all these years. I urge you to call in an energy audit professional today for your home or place of business and see how much you could be saving on your monthly outgoings!

Friday, August 10, 2012

The Benefits of IT Auditing

Organisation
Organisation (Photo credit: Sean MacEntee)

IT auditors regularly end up teaching the business community regarding how their work contributes worth for an organization. Internal audit divisions generally provide an IT audit element which can be implemented with a distinct perspective on its role within an organization. On the other hand, in our practical experience as IT auditors, the broader world of business needs to be aware of the IT audit function s o that they may realize the overall benefits.

Specifically, IT audits will cover a huge variety of IT processing and communication aspects including client-server systems, operating systems, security packages, software applications, management procedures, web services, disaster recovery planning and so much more. The actual sequence of an IT audit will always begin with identifying risks, followed by an assessment of the design of controls and culminating in testing the effectiveness of those controls. The most skilful auditors are able to add value at each stage of the process.

I have listed the five key areas where I feel IT auditors are able to add value to an organization. The quality and depth of the audit itself is important when it comes to adding value, but the planning is also highly important. Without a clear idea of which processes and risks are to be audited, success cannot be assured.

So here are my top five ways that an IT audit adds value:
  1. Reduces risk. The planning and execution of an IT audit consists of the identification and assessment of IT risks in an organization.
  2. Strengthen controls (and improve security). After assessing risks as described above, controls can then be identified and assessed. Poorly designed or ineffective controls can be redesigned and/or strengthened.
  3. Comply with regulations. Wide ranging regulations at the federal and state levels include specific requirements for information security. The IT auditor serves a critical function in ensuring that specific requirements are met, risks are assessed and controls implemented.
  4. Facilitate communication between business and technology management. An audit can have the positive effect of opening channels of communication between an organization's business and technology management. Auditors interview, observe and test what is happening in reality and in practice. The final deliverables from an audit are valuable information in written reports and oral presentations. Senior management can get direct feedback on how their organization is functioning.
  5. Improve IT Governance. The IT Governance Institute (ITGI) has published the following definition: 'IT Governance is the responsibility of executives and board of directors, and consists of the leadership, organizational structures and processes that ensure that the enterprise's IT sustains and extends the organization's strategies and objectives.'

Tuesday, August 7, 2012

How Computers Have changed Business

Computer feestje
Computer feestje (Photo credit: arneheijenga)

Computer systems are among the wonderful innovations attained through the entire world. Information technology has made a huge impact around the globe in terms of its various uses. Now computer systems are employed by numerous industrial sectors, organizations, companies, in a number of different fields including education, construction and healthcare by individuals across the entire world. Information technology has made it easier for man to scale back the work load they have to contend with because they are capable of performing the task in a short time.

The running of all of the systems and applications in computer systems is completed with the assistance of software programs. With the development in the field of technology there are a variety of software packages being produced and developed by several IT industries for just a particular use. A few of the types of the software now available are security software, inventory management programs, audit software and plenty of others.

Auditing is usually a strategy employed for examining books of company accounts, receipts, vouchers and other associated paperwork and documents to obtain a accurate and honest view of the balance sheet and profit and loss accounts of your business. Audit is the word used for the process and it is derived from a Latin term 'audire' which roughly translated means to hear. Auditing progressed swiftly following the industrial revolution which introduced many new industries and corporations. Because the large numbers of businesses emerging was significant in number, the companies act in different areas made the auditing of company accounts mandatory. In earlier times the auditor used to listen for the company accounts read through by the accountants in an effort to examine them and appraise the accurate and honest view as well as actual physical examining of books of accounts and other associated papers and records. However in this contemporary age, often refer to the computer age, auditing is performed with the assistance of audit software. In previous times the goals of auditing were that the accounts be 'true and correct', but because the volume of organizations increased swiftly the goals of auditing shifted to individual targets.

Nowadays companies have begun keeping the books of company accounts and are also holding it in computers. Audit software has assisted the auditors to obtain a more accurate and up to date view of the company's accounts. It was quite challenging for the auditors to evaluate all of the paperwork, invoices, voucher and so on as well as every in depth financial transaction when records were on paper. But by using audit software all of this has been made easy. How much time and hard work are spent by the auditor verifying the paperwork is substantially minimized with the assistance of the audit software.

Monday, July 30, 2012

Let's Talk Audits

Auditing Life
Auditing Life (Photo credit: buck82)

Auditing is a procedure which has evolved greatly since the earliest days. Auditing IT operations is a very important components of the modern corporation operations. Auditing clerks verify transactions and documents within a company to make sure that proper procedures are followed, figures are mathematically accurate, and all errors have been corrected. Auditing clerks may also take on additional responsibilities within the company, such as payroll or customer relations. Auditing spreadsheets is usually part of a data governance project.

Compliance officers must have a thorough understanding of the laws and regulations governing their fields, a skill that often requires formal training through compliance officer schools and experience in the field. A bachelor's degree in compliance or a related field is usually sufficient, but an advanced degree or additional training in a related field -- like business -- may provide you with a valuable edge over career competition, not to mention higher earnings. Compliance officers' earnings can vary tremendously by employer, experience and location. Compliance officers are regulatory experts who ensure their organizations conform to all rules and laws that pertain to them. Compliance officers will be well aware of the sheer sweep of regulatory changes proposed worldwide.

Audits are the cornerstone to financial reporting – and although fewer businesses now legally require an audit, many small and medium-sized enterprises may still benefit from them. It is also a legal requirement in most countries to have the financial statements reviewed by an independent auditor once a year. Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control . Audits provide companies with an external review of their accounting functions and policies.

Internal Audit schedules an entrance conference with the head of the department to discuss the purpose and scope of the audit. Internal auditors will find a new root cause analysis helpful, in addition to reports that indicate if audit evidence has been attached to findings and on auditor work progress. Internal Audit makes every effort to minimize the disruption of your everyday activities and cooperate with you to ensure a smooth process. Internal audit is an independent process carried out to assess the competence and efficiency of risk identification and management in the spheres of business operations, accuracy of financial statements, protection of assets and compliance to the legal obligations.

Externalaudit is aimed at providing reasonable assurance that the company’s financial statements are prepared in conformity with accepted accounting standards. External audit guidelines provide instructions to auditors for using standard tools and templates, such as spreadsheets, to conduct an audit consistently and efficiently.

Audit software helps centralize audit information so businesses can make coordinated decisions with a generalized idea of the company's financial statistics. Audit software can highlight those individual transactions that contain characteristics often associated with fraudulent activity. Audit software also provides auditors with the ability to extract information from several files, with different database management systems, in order to search for underlying patterns or relationships among data. Audit software is often designed to automate many aspects of the auditing process so that time and company resources can be saved. Many kinds of auditing software allow auditors to focus on specific areas in the business so that the business can prioritize, according to Audit Software.

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Friday, July 27, 2012

The Difference Between Commercial and Residential Carpet Drying

View of new carpet when walking upstairs
(Photo credit: Shana Lee)

It's easy to forget that commercial property can be affected by water damage just the same as residential properties, but there are some differences that do need to be considered when dealing with flooding in a commercial properties.

One major difference is the carpeting that is usually used in the buildings. Residential properties generally have carpet that is laid over padding. This means that not only does the carpet get damaged, but also the padding. The restoration process in a residential property usually involves removing the carpet and then removing the underlying padding and finally the tack strip. The carpet can then be dried, and possibly the padding to although in many cases it might be unsalvageable depending on how long it has been underwater. In a commercial property, this process is somewhat different. The carpet is often glued directly to the floor with no padding. This is good, because the carpet padding is usually the worst affected part, but on the other hand it makes it difficult to get to the underside of the carpet and ensure proper drying.

It is common for commercial properties to make use of air movers to dry carpets, but this only deals with the surface of the carpet and meanwhile the underside could become the perfect breeding ground for mold. That is why it is best to call in a professional waterdamage restoration company who will be trained to deal with these situations rather than rely on your usually janitorial or cleaning service. Professionals will ensure that air movers are used for extended periods of time – often an additional 24 hours or more after the surface area is dry so that the underlying moisture is also sucked out and dried. They will make use of moisture meters to ensure it is dry. The last thing you want is mold forming and making your employees or customers sick.

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