Discover how auditors evaluate the inherent risk that affects financial statements, focusing on its inevitability and the crucial role of internal controls.

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an ...

With the 2026 tax season approaching, the IRS is focusing its audit efforts. Find out if your income level or job puts you at ...

The American Institute of CPAs has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement. The new audit guide, Risk Assessment in a Financial ...

DALLAS, TX, UNITED STATES, February 16, 2026 / EINPresswire.com / — DigitalXForce, a global leader in AI-powered Automated GRC and Enterprise Security Risk Posture Management (ESRPM), today announced ...

Risks in accounting and audit firms are most often described by the audit risk model. This model describes how the responsibilities of management and auditors combine to determine the risk of the ...

Many people are obsessed with IRS audit risk. Audit risk is worrisome, and opinions vary widely. Even worse, there are many old wives tales about what does and doesn’t trigger an audit. But what about ...

The odds of being selected for an audit are pretty small. Some behaviors, however, can boost your chances. Sometimes, a few adjustments are all you need to avoid being in the audit pile. You've seen ...

AuditBoard, the leading AI-powered global platform for connected risk, today announced it has been named to G2's 2026 Best Software Awards lists for Best Governance, Risk, and Compliance Software and ...