About Lois Colby (Partner | CPA, CIA, CISA)

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Lois started with Linford & Co., LLP in 2020.  She began her career in 1990 and has spent her career working in public accounting at Ernst & Young and in the industry focusing on SOC 1 and SOC 2 and other audit activities, ethics & compliance, governance, and privacy.  At Linford, Lois specializes in SOC 1 and SOC 2 audits.  Lois’ goal is to collaboratively serve her clients to provide a valuable and accurate product that meets the needs of her clients and their customers all while adhering to professional standards.

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ALL ARTICLES BY Lois Colby (Partner | CPA, CIA, CISA):
Impact of entity level controls

Entity-Level Controls: Impact On An Organization & The Audit Process

When considering controls for an organization, it may not be known that there are more than one level or type of control. To manage their business operations, organizations will have entity-level, divisional, regulatory, transaction-level, and process-specific controls to name a few. Of these controls, entity-level controls are considered to be a crucial part when: one […]

Suitable audit criteria

Defining Suitable Criteria in an Audit Engagement

When presented with the task of an audit being performed, the questions that the auditor and auditee have are: What is the objective of the audit? What is to be achieved? What is the need of the users of the output of the audit?   Identifying Suitable Criteria Every audit is an evaluation of subject […]

Understanding audit assurance

A Guide to Audit Assurance: How Do Assurance, Attestation, and Auditing Fit Together?

In the world of accounting and audit services, assurance, attest, and audit play key roles. The question often arises: What is audit assurance? What is the difference between these three terms? How do they relate or complement each other? A definition check with Merriam-Webster provides the following: Assurance: the state of being assured: such as […]

Detective Controls

Detective Controls & Their Impact on the Overall Control Structure

Every organization should design a control structure to identify and address risks related to internal and external forces that impact an organization.  This control structure includes four main types of Internal Controls: Manual Controls IT Dependent Manual Controls Application Controls IT General Controls Preventive and Detective controls can be found within each of these four […]