The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

The American Institute of CPAs has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement. The new audit guide, Risk Assessment in a Financial ...

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 ...

The Public Company Accounting Oversight Board released a group of inspection reports Wednesday for the Big Four and other major firms, showing mixed results on auditing quality, with Ernst & Young ...

SCHAUMBURG, Ill.--(BUSINESS WIRE)--For organizations that adopt a Zero Trust approach for their cybersecurity program—adhering to the principles of “never trust, always verify”—it is important to ...

Nobody really likes being audited, but it's an important function to ensure the practices and policies of a company and/or individual are above board. And, as with all jobs, someone's gotta do it.