Keys to a Successful Retail Store Liquidation
Wednesday, November 25th, 2009 Posted in Audit Strategies | No Comments »The full liquidation of Circuit City was recently captured in the National Retail Federation’s November issue of Stores Magazine. The article, entitled Solid Approach to Liquidation, highlights how within two days, 115 Protiviti personnel were dispatched to Circuit City stores, ...
The Latest Audit Research – Internal Auditing, Utilizing Store Self-Assessments
Wednesday, November 11th, 2009 Posted in Audit Strategies | No Comments »Protiviti launched its rebalancing study in 2005 to assess how organizations rely on their internal audit departments for Sarbanes-Oxley compliance-related activities while seeking to "rebalance" these functions to also address more traditional internal audit responsibilities. More than 600 respondents - ...
Predictably Irrational – A Book Worth Your Time
Wednesday, July 9th, 2008 Posted in Audit Strategies | No Comments »Dan Ariely, an M.I.T. behavioral economist and now NY Times best-selling author, has thrown into question what were fundamental assumptions in economics - that we are all rational in our behavior. In his book, entitled ‘Predictably Irrational: The Hidden Forces ...
Connecting Store Audit with Sales and Profitability
Monday, May 12th, 2008 Posted in Audit Strategies | No Comments »Clearly, the economic realities of today are posing a challenge for those in the retail industry. And, in this type of environment, there is a growing need to demonstrate alignment between store audits and their impact on sales and profitability. One ...