The AICPA Auditing Standards Board sharpened the audit profession’s focus on risk-based auditing Tuesday with the release of a new standard on audit risk assessment. Statement on Auditing Standards ...

The AICPA Auditing Standards Board’s (ASB’s) plans to finalize a new risk assessment standard at its August meeting should be welcome news for many practitioners. Risk assessment is a fundamental ...

Inherent risk is the risk posed by an error or omission in a financial statement because of a factor other than a failure of ...

DAR ES SALAAM, May 17, 2013-- The World Bank is conducting a second Assessment of Private Audit Firms in Tanzania that are interested in auditing World Bank-funded projects. The purpose of the ...

NFRAs inspection found gaps in audit documentation, revenue testing, and risk assessment practices, stressing the need for ...

This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax ...

Even in the face of costly and embarrassing corporate security breaches, one in four companies fails to conduct any IT risk assessment. And 42% say there are areas of their information technology ...