Attribute Sampling in Auditing: Methods, Benefits, and Applications

Discover how attribute sampling enhances audit accuracy by evaluating internal controls and analyzing population traits, streamlining auditing procedures efficiently.
JournalofAccountancy

Considering IT risk during audit risk assessment procedures

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 ...
JournalofAccountancy

Lessons learned from the first year of SAS 145

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 ...
Network World

A new audit standard validates IT-specific controls for cloud service providers

Risk mitigation is one thing when you own all the resources, but when you start moving data and applications into the cloud, it’s doubly important to understand what the service provider is doing to ...
Nextgov

‘Continuing Significant Deficiencies’ Hamper VA’s Information Security Controls, Audit Finds

The Department of Veterans Affairs “continues to face significant challenges” in complying with the Federal Information Security Modernization Act—or FISMA—according to an audit released by the VA ...