Applying and Scaling Audit Risk Assessment Procedures Under SAS No. 145. Enhance audit quality and ensure compliance with the new risk assessment standard (SAS No. 145) that will become effective in ...

The discussion and risk assessment then inform all the planning and audit procedures that will be performed. Gantnier and Maria Manasses, CPA, a partner in Chicago with Grant Thornton LLP’s Audit ...

Internal audit should have a plan for the work it will do, and by now we all know that audit plan should be continuously updated. ... risk defined in the enterprise risk assessment.

The risk assessment standards include: • AS No. 8, Audit Risk • AS No. 9, Audit Planning • AS No. 10, Supervision of the Audit Engagement • AS No. 11, Consideration of Materiality in Planning and ...

As we reach 2025’s midpoint, C-suite leaders and boards are discovering just how elusive a reliable risk assessment can be. Tariffs, geopolitical conflict, deregulation, immigration policy, AI ...

How Inherent Risk Is Assessed . The Public Company Accounting Oversight Board oversees the audits of publicly traded companies, brokers, and dealers and publishes standards for auditors to follow.

SpeedTax introduced an online CPA Questionnaire that allows accounting professionals to determine their clients' sales tax audit risk. The CPA Questionnaire was designed to educate clients while ...

Improved Internal Audit Planning: AI can analyze data to identify high-risk areas and suggest optimal internal audit strategies, ... The Future of AI in Risk Assessment.

The Accounting Review, Vol. 74, No. 3 (Jul., 1999), pp. 281-298 (18 pages) This study identifies conditions under which the audit risk model does, and does not, describe audit-planning (investment and ...

The results indicate that the client's overall financial condition is the primary consideration in the auditor's assessment of litigation risk and recommendations for the audit plan and fees. Poorer ...