From this assessment, an Audit Plan is developed and presented to the Audit Committee for approval. The plan addresses high-risk areas as well as allocates time for special ad-hoc projects. In ...

“PCAOB Details Priorities for Audit Inspections,” JofA, June 23, 2023 “New Standard Provides Risk-Based Approach to Group Audits,” JofA, March 7, 2023 “Lessons for Every CPA Firm From Public Audit,” ...

In an era of increasingly sophisticated financial crimes and evolving regulatory, compliance, and internal audit needs, financial institutions must continuously refine their risk assessment ...

Paragraph .33 of AU-C Section 315 sets out requirements regarding the documentation of risk assessment procedures. Paragraphs 1.48–1.56 of this guide discuss matters related to documenting ADAs.

The new risk assessment standards address audit procedures performed throughout an audit, from the initial planning stages through the evaluation of the audit results. These new standards are a ...

A security risk assessment checklist and an audit checklist are useful tools to help review the risks, while web-based tools offer more advanced means to compute them.

The ISO 27005 risk assessment standard, first published in June 2008, is based on concepts specified in ISO 27001.ISO 27005 provides guidelines for information security risk management and allows ...

Autire Launches CPA Industry’s First Audit Solution with Automated Risk Assessment, Transforming 401(k) Audit Compliance. December 03, 2024 07:00 AM Eastern Standard Time.

DALLAS, December 03, 2024--Autire introduces Automated Risk Assessment to the CPA industry's only end-to-end, fully automated, standards-based EBP auditing solution.