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 ...

STATEMENT ON AUDITING STANDARDS (SAS) no. 96, Audit Documentation, marks the first big change in the requirements auditors must observe when documenting their audit work. It provides general guidance ...

While audits are not designed to root out every instance of fraud, auditors have a responsibility to detect material misstatements in the company's financial ...

The ISO, known as the International Organization for Standardization in the United States, is the world's largest non-governmental organization that develops and publishes international standards for ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The Public Company Accounting Oversight Board (PCAOB) is an ...

American Institute of CPAs chief auditor Bob Dohrer and AICPA Auditing Standards Board chair Tracy Harding discussed AICPA’s progress on some recent audit and attest standards during the Engage 2020 ...

The international standard requires the group auditor to assess the competence of the component auditor before accepting an assignment where certain components are to be audited by another auditor.

As the American Institute of CPAs' director of auditing and attestation, Chuck Landes has guided the Auditing Standards Board through the upheavals of the Sarbanes-Oxley Act, and in late October, he ...

Effective January 1, 2010, the National Association of Insurance Commissioners (NAIC) adopted the Annual Financial Reporting Model Regulations (Model Audit Rule), which among other requirements, ...

Western Illinois University supports an Internal Auditing Department as an administrative staff function and as an independent appraisal function to examine and evaluate University business or ...