To identify areas of potential risk, each year the Office of Internal Audit Services performs a thorough risk assessment of all university management centers, operating units, and significant ...

It's a fundamental aspect of audit risk assessment, alongside control risk and detection risk. Auditors evaluate inherent risk by assessing transaction complexity, accounting estimates ...

The ISA addresses every aspect of the audit process, from planning and risk assessment to evidence gathering and reporting. ISA provides a uniform basis for understanding and comparing audit ...

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James PAI CPA and its partner for ...

The Public Company Accounting Oversight Board (PCAOB) has announced sanctions against James Pai CPA and its sole owner and ...

PwC fined £2.9m by FRC over serious audit failings at Wyelands Bank linked to Sanjeev Gupta’s GFG Alliance and related party ...

Britain’s Financial Reporting Council has fined accounting giant PwC £4.5 million (€5.4 million) in relation to the audit of ...