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

The PCAOB had initially proposed the standards in October 2008, but has revised them in response to the comments it received and again opened them for comment (see PCAOB Proposes Standards for Audit ...

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 ...

How auditors assess and respond to risks of material misstatement in the financial statements, including the risk of fraud, is a critical component of audit quality. New research supported by the ...

CPPA Discusses Cybersecurity Audit, Risk Assessment and ADMT Regulatory Proposals, Among Others, at December 8 Board Meeting Ali Jessani, Samuel Kane, Kirk Nahra WilmerHale + Follow Contact ...

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.

The new audit risk standards require the auditor to understand and respond to risks of material misstatement, whether due to errors or fraud. In reaching that understanding, auditors should identify ...

But that's actually about audit evidence and controls, not inherent risk. The natural susceptibility of cash accounts to misstatement (inherent risk) is independent of these verification methods.