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.

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 ...

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, ...

Generally accepted auditing standards (GAAS) require the auditor to identify and assess risks of material misstatement (AU-C §315, Understanding the Entity and Its Environment and Assessing the Risks ...

SCHAUMBURG, Ill.--(BUSINESS WIRE)--For organizations that adopt a Zero Trust approach for their cybersecurity program—adhering to the principles of “never trust, always verify”—it is important to ...

Description: Objectives of this course are to provide students with an understanding of (1) the auditing environment and professional ethics, (2) audit reports and the conditions under which ...

Nobody really likes being audited, but it's an important function to ensure the practices and policies of a company and/or individual are above board. And, as with all jobs, someone's gotta do it.

AMES, Iowa--(BUSINESS WIRE)--Workiva (NYSE:WK), provider of the world’s leading connected reporting and compliance platform, today announced that Alcon (NYSE:ALC) is using the Workiva platform to ...