Discover how auditors evaluate the inherent risk that affects financial statements, focusing on its inevitability and the crucial role of internal controls.

To determine maximum aggregate component materiality levels, we first use the cumulative binomial distribution to derive the maximum number of components that can be allowed to simultaneously contain ...

Editor’s note: This is the second article in a series of articles about application of the group audits standard. For the first article in the series, see “The Scoop on Group Audits: You May Have Them ...

What Is a Risk Management Framework (RMF)? All companies face risks. Without taking some degree of risk, they may have little chance of staying competitive. On the flip side, taking too much risk can ...

Tax auditors and audit supervisors who are responsible for conducting audits in their current roles or will potentially be handling such roles in their future assignments. This course is designed to ...

Around the world, audit, risk and accounting teams are grappling with rising geopolitical and macroeconomic uncertainty.