Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

Tracy Harding, CPA, was on his way to work and looking forward to completing an audit he was working on. But on the way in, he heard a news report that changed the objective of his day. A local ...

The Auditing Standards Board recently issued eight new auditing standards, Nos. 104-111, collectively referred to as the risk assessment standards. The new standards will change many of the planning ...

Life lessons stick with you. The basics taught in Little League in the U.S. are practiced by Major League Baseball stars. Fundamentals have staying power because they work. So the next time you’re ...

Annually, we perform a campus wide risk assessment, with the support of Internal Audit and the University’s Compliance Program. We embraces a holistic strategy for risk identification, utilizing a ...

Audit and risk platform AuditBoard announced a new out-of-the-box feature that can provide assessments with the new global standards from the Institute of Internal Auditors, which are set to go into ...

Sometimes disasters can’t be averted, but they can still be recovered from. Planning for the worst keeps the impact to a minimum Few businesses are able to effectively function when IT systems fail, ...