SEC Chair Gensler warns about conflicts of interest
October 27, 2022
The SEC is committed to preventing conflicts of interest. Regardless of whether your organization is public or private, here’s what you should know to protect the perceived reliability of your audited financial statements.
Why auditors prefer in-person interviews to assess fraud risks
September 26, 2022
Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud risks during an audit, a face-to-face interview is critical to help detect nonverbal cues.
Is your current bad debt allowance reasonable?
September 15, 2022
A recent survey of audit partners found that 40% were uncertain about the outlook for their primary industries. In light of this uncertainty, many companies are re-evaluating their allowances for uncollectible receivables.
New law puts “book income” in the crosshairs
September 8, 2022
Could the Inflation Reduction Act have unintended financial reporting consequences? Many accounting professionals are concerned that the new law could compromise the perceived objectivity of U.S. accounting rulemakers.
Are your risk-management practices keeping up with the times?
August 30, 2022
A new report highlights the mounting risks that businesses and not-for-profits face today. Here’s how to fortify your defenses.
Cyber risks: A critical part of your auditor’s risk assessment
August 23, 2022
Data breaches are becoming more frequent, aggressive and sophisticated. Here are some shocking statistics from the “Cost of a Data Breach Report 2022,” along with ways your auditor can help evaluate and mitigate your organization’s risk.
