In July 2019, the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) issued a revised Statement on Auditing Standards No. 136 entitled, “Forming an Opinion and ...

One of internal audit's values is to tell management when the controls to manage risks and assure opportunities aren't working. Internal audit should have a plan for the work it will do, and by now we ...

Understanding when and what type of a 401(k) audit is needed — and what that audit will entail — can help keep a company’s plan in compliance with IRS and Department of Labor requirements. Start by ...

Reporting and performance requirements for practitioners auditing employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) will change under a new standard that ...

The American Institute of CPAs’ Auditing Standards Board proposed a strategic plan Friday that will guide the ASB’s work over the next three years. The Proposed Strategy and Work Plan has five ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...

Creating an effective revenue cycle auditing and monitoring plan may require help from multiple departments. Revenue cycle leaders are paying closer attention to their auditing strategies as costs ...

Labor Department leadership says the update is designed to expand retirement plans’ access to highly qualified auditors and audit firms. The U.S. Department of Labor has issued new guidance for ...

Our audit plan aligns with Northwestern’s fiscal year, which begins September 1 and ends August 31. We develop our annual audit plan using a risk-based approach that considers numerous factors, such ...

Auditors at the Office of Public Accountability will set their sights on the practice of hiring workers at salaries ...