THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

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 ...

The Public Company Accounting Oversight Board issued a proposed set of amendments Monday to its auditing standards to address the greater use of technology by auditors, especially when it comes to ...

CMS is increasingly relying on its recovery audit contractors to find lost Medicare payments from healthcare providers, and the number of audits increased this past year, with about 90 percent of ...

Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K.

The U.K. government on March 18 set out a series of proposals that would impose additional duties on both company directors and audit firms to detect and prevent fraud as part of a raft of measures ...

George Botic has a clear message for the auditing profession: Get back to basics while preparing for unprecedented change. Processing Content In an exclusive interview following his October speech at ...