Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an ...

Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, ...

Audit engagement risk is something all auditors think about and incorporate into their decisions, but recent research suggests that they might not be thinking about it as broadly as they should.

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

High-quality audits are essential to capital market operations. These audits are planned and executed by highly skilled, independent auditors in consultation with independent audit committees. In turn ...

CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice.