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 ...

Risk assessment is fundamental to audit quality. The AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 145, Understanding the Entity and Its Environment and ...

Risk is an inherent part of investing—but not all risks are created equal. Whether you are a new or a seasoned investor, it’s important to thoroughly examine the potential pitfalls and payoffs of each ...

Cyberattacks and data breaches are no longer merely an IT problem. They have the potential to cause business disruption, financial damage and reputational harm. Data theft can introduce a raft of ...

The Bank Secrecy Act (BSA) does not explicitly state that money services businesses (MSBs) must conduct an anti-money laundering (AML) risk assessment. However, it does say that an MSB “shall develop, ...

Once the risk team has been assembled, the crucial process of identifying risks must commence. The output of the risk ...