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 ...

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 ...

The American Institute of CPAs has developed an online Audit Risk Assessment Tool to focus in on the potential risk of material misstatements in a financial statement ...

At companies where internal audit and risk processes are maturing, they are now honing their operations to become more efficient and effective. It all starts with strong, open, trusting relationships ...

The American Institute of CPAs released a new standard to help auditors assess the risks of material misstatement. Processing Content The new Statement on Auditing Standards (SAS) No. 145, aims to ...

New platform capabilities strengthen audit planning and execution, improve scalability, and deliver deeper financial explainability across complex engagements As audit firms face growing transaction ...

Three years ago, Adrian Doughty joined Molson Coors Beverage Company as the director of internal audit for two regions of the world, EMEA and APAC. It was mid-summer and Doughty and his team were ...

Annually, we perform a campus wide risk assessment, with the support of Internal Audit and the University’s Compliance Program. We embraces a holistic strategy for risk identification, utilizing a ...

As global regulations proliferate and stakeholder expectations increase, organizations are exposed to a greater degree of compliance risk than ever before. Specifically, compliance risk is the threat ...

Part one The landscape of Philippine tax administration has reached a major turning point. On August 24, 2026, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 22-2026 ...