The Auditing Standards Board (ASB) issued the second clarified auditing standard resulting from its clarity project, which aims to make U.S. GAAP easier to understand and apply and gives each standard ...

With the exception of audits that require no prior notification to be effective, such as cash counts, the units are contacted shortly before the start of any audit. An entrance conference is held to ...

The AI-powered tool unlocks the wealth of knowledge held in internal audit documentation by extracting key statements of interest (e.g. Risks and Controls).

Again, if a hospital’s internal audit is non-comprehensive in any respect, this will jeopardize the efficacy of the audit and prevent the hospital’s leadership from making informed decisions. 8.