Concurrently, risk assessment compliance and audit quality concerns exist, including those noted by practitioners performing peer reviews and by the AICPA Enhancing Audit Quality initiative. Standards ...

Global fines in 2024 reached a record $19.3 billion. Regulatory action has been particularly noteworthy in the areas of data ...

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 ...

Risks in accounting and audit firms are most often described by the audit risk model. This model describes how the responsibilities of management and auditors combine to determine the risk of the ...

Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an ...

AuditBoard — which makes cloud-based enterprise software for risk, audit and compliance work — has released AuditBoard RiskOversight, a new, integrated risk management solution.