Reduced audit risk with increases in purposeful, intentional, and meaningful audit procedures. The most important part of RRA, however, is not with the fundamental concepts outlined above, but rather ...

Audit PCAOB Warns of Deficiencies in Audit Firms' Risk Assessment By Michael Cohn October 15, 2015, 2:44 p.m. EDT 3 Min Read ...

The American Institute of CPAs released a new standard to help auditors assess the risks of material misstatement. The new Statement on Auditing Standards (SAS) No. 145, aims to improve the ...

Eight standards rolled out in 2006 by the Auditing Standards Board are sparking a cultural shift for auditors. The standards—Statement on Auditing Standards nos. 104–111—are designed to enhance ...

The audit risk model is a vital step for complex audits because it allows for a great amount of adaptation. If auditors were limited to a set audit procedures composed of steps they had to follow ...

The Accounting Review, Vol. 86, No. 4 (JULY 2011), pp. 1231-1253 (23 pages) Under risk-based auditing, more (fewer) audit resources are allocated to accounts that are more (less) likely to be ...

The amended regulations—designed to reinforce consumer protections, improve accountability, and guide the responsible use of emerging technologies—introduce complex, multi-phase requirements that ...

The auditing procedures are designed to help the auditor identify and assess potential risk factors that may affect a company's accounting information. The auditor needs to first gain an ...

Risk assessment procedures are a priority for financial institutions seeking to achieve GLBA compliance from an audit. These procedures should evaluate the technology that manages, transfers, and ...