Banks, credit unions and financial institutions must undergo a strenuous review of procedures and practices, just as public companies must submit to official audits. As part of this process, banks ...

Financial institutions need to remain vigilant about managing anti-money laundering and Bank Secrecy Act (AML/BSA) compliance in 2025. As the financial ecosystem becomes increasingly complex, and as ...

Accounting and auditing procedures differ across companies and industries but audit procedures for cash are similar. The auditor must obtain reasonable assurance that the cash balances of the company ...

Internal Audit identifies all auditable activities and relevant risk factors, and assesses their significance through an annual risk assessment, utilizing the Committee of Sponsoring Organization's ...

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 ...

Following the conclusion of a formal audit tender process, Revolut Group Holdings Ltd has announced the appointment of Ernst & Young LLP (EY) as the Company’s Global Auditor, “effective for the ...

Bangladesh Bank will not conduct any direct investigation into past irregularities at the five private banks merged to form ...