The American Institute of CPAs has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement. Processing Content The new audit guide, Risk Assessment ...

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA and Thought Leader in the Financial Field. As a business owner, conducting year-end financial audits is more than a ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

Thomson Tax & Accounting has released "PPC's Guide to Audits of Nonpublic Companies," which helps integrate the requirements of the newly released risk assessment standards that go into effect for ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

Since 1995, the Department of Defense’s financial management has been on the Government Accountability Office’s High Risk List. Thousands of audit findings from DOD’s department-wide financial ...