The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

Data breaches – always critically important to those with responsibility for storing, transporting and protecting electronic information – have become an all-consuming topic of late. Stories about ...

The aim of the risk assessment auditing standards was to improve the quality and effectiveness of audits by substantially changing audit practice. Statements on Auditing Standards nos. 104–111 provide ...

An auditor must make key decisions regarding what controls to trust, what controls to inspect and what weight to place on all the tests associated with auditing the financial practices of a company.

Internal auditors are traditionally defined as in-house accountants who conduct regular and continuous examination of financial records and internal controls. Business risk refers to the probability ...

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. The new audit guide, Risk Assessment in a Financial ...

Diligent, the AI leader in governance, risk and compliance (GRC) SaaS solutions, today announced AuditAI, a new suite of agentic AI capabilities debuting at The Institute of Internal Auditors GAM: ...

Gartner experts will navigate the theme "Risk Intelligence Realized" during the Gartner Enterprise Risk, Audit & Compliance Conference 2025. Enterprise risk, audit and compliance leaders will have the ...

Virginia Credit Union and its Member One division announced last week that it has named two executives to oversee risk management and the Chesterfield County-based credit union’s internal audit ...

What is a risk-limiting audit? A risk-limiting audit is a post-election audit that gives a statistical level of confidence that the outcome of an election is correct. In other words, after performing ...

Risk-based audit needs a reset to enterprise risk and value auditing. When I became a chief audit executive (CAE) for the first time in 1990, I determined a risk-based approach was inadequate. A ...