Industry expert Ann Cohen says audit committees are increasingly using AI and advanced technology to run risk analytics ...

Generally accepted auditing standards (GAAS) require the auditor to identify and assess risks of material misstatement (AU-C §315, Understanding the Entity and Its Environment and Assessing the Risks ...

In most healthcare systems, contracts dictate daily operations, including what is reimbursed, which supplies are approved, how vendors are held accountable for service levels, and what actions are ...

An auditor must make key decisions regarding what controls to trust, what controls to inspect and what weight to place on all the tests associated with auditing the financial practices of a company.

Data breaches – always critically important to those with responsibility for storing, transporting and protecting electronic information – have become an all-consuming topic of late. Stories about ...

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 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 ...

The Public Company Accounting Oversight Board has adopted a set of eight auditing standards related to the auditor s assessment of risk in an audit and response to that risk. The auditing standards ...

The district is cutting positions, freezing hiring, and planning up to $25 million in operating reductions by fiscal year ...

Arizona school districts face growing financial instability, with a report showing more at high risk of budget issues.