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 ...

Generally accepted auditing standards (GAAS) require the auditor to identify and assess risks of material misstatement (AU-C §315, Understanding the Entity and Its Environment and Assessing the Risks ...

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 Center for Audit Quality has just issued Cybersecurity Risk Management Oversight: A Tool for Board Members. The tool offers questions that directors can ask of management and the auditors as part ...

The window for “wait and see” is closing. Companies must have a clear AI adoption road map for finance and audit in 2026.

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 ...

Financial stewards and chief audit executives (CAEs) have identified risk orientation, stakeholder management, and team leadership as the top three characteristics of the most effective individuals, ...

Risks in accounting and audit firms are most often described by the audit risk model. This model describes how the responsibilities of management and auditors combine to determine the risk of the ...

A recent audit by the King County Auditor’s Office has revealed significant gaps in the oversight of the King County Parks ...

FortifyData's TPRM application combines these AI innovations with its core strengths: ongoing risk monitoring through external attack surface assessments, vulnerability intelligence, and questionnaire ...

The Army continues to make deliberate, measurable progress in strengthening financial stewardship, improving auditability, and modernizing its ...

The Iowa Supreme Court has ruled the state auditor does not have the authority to investigate an insurance risk pool for 75 counties as well as hundreds of other cities and taxpayer funded local ...