What is a risk-limiting audit? A risk-limiting audit is a post-election audit that gives a statistical level of confidence that the outcome of an election is correct. In other words, after performing ...

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 ...

Q: What is a risk-limiting audit? A: A risk-limiting audit is a post-election audit that gives a statistical level of confidence that the outcome of an election is correct. In other words, after ...

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 ...

Monique Danao is a highly experienced journalist, editor, and copywriter with an extensive background in B2B SaaS technology. Her work has been published in Forbes Advisor, Decential, Canva, 99Designs ...

Here’s a quick breakdown of formal and informal audits: Audit (formal) – the annual ritual of providing objective evidence that a quality system is established, followed and effective. A good quality ...

After a years-long and, at times, contentious process, new regulations to implement cybersecurity audit, risk assessment, and automated decision-making technologies ...