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.

The increasing use of models that facilitate analysis and strategic decisioning has added additional risk to many organizations risk profile. Specifically, Financial Institutions are seeing increased ...

The Institute of Internal Auditors is asking for input on a proposed update to its Three Lines of Defense (3LOD) model for the internal audit function. The 3LOD is a standard for internal auditors, ...

The internal audit: It’s a necessary part of conducting business that, done right, can at once assess operations, identify areas for improvement, manage risks and help maintain compliance. Now more ...

External auditors have long been tasked with ensuring financial integrity, detecting fraud and providing an independent opinion on a company's financial statements. Now, with the rise of continuous ...

If public company auditors are required to communicate more information in their reports, there will be more material to second-guess them on if the company they are auditing takes a fall. That is a ...

Online fashion retailer Boohoo said on Friday it would move all of its suppliers to a new auditing model over the next 12 months in its latest effort to address failings brought to light in media ...

The Audit Bureau held a specialized workshop titled "The Added Value of Using Mixed-Methods Approaches in Performance Auditing of Vocational Education: The Dutch Experience as a Model," delivered by ...