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 ...

Audit engagement risk is something all auditors think about and incorporate into their decisions, but recent research suggests that they might not be thinking about it as broadly as they should.

Auditors’ assessments and responses to risks of financial statement misstatement and fraud are critical to audit quality. Risk assessments in the current environment are unlike any others, as clients ...

The audit industry has been under the microscope over the past few years following a number of high-profile corporate ...

The U.S. firm of PricewaterhouseCoopers plans to stop offering some types of consulting services to its SEC-registered audit clients to provide greater independence, and will cut the compensation of ...

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 ...

As turnover of auditors increases, an accounting firm’s ability to deliver timely, accurate and effective audits declines — and so does overall client service — according to new research from the ...

Just as Sarbanes-Oxley compliance reshaped corporate governance for public companies, QC 1000 is designed to ensure that ...

NEWPORT BEACH, CA, UNITED STATES, January 9, 2026 /EINPresswire.com/ -- A new proprietary study by Chief Bookkeeping ...

Plan sponsors want their interactions with the Department of Labor to go smoothly. A DOL audit that uncovers deficiencies is stressful and potentially costly, so the prudent strategy is to avoid ...

“[t]he staff have cleverly developed a mix of both principles and rules to address audit deficiencies and weaknesses that have been observed. The amended standard amplifies the lead auditor’s ...