Citations with the tag: AUDIT risk
Results 1 - 50
- Multilocation Audit Risks.
Allen, Robert D.; Loebbecke, James K.; Sorensen, Kenneth A. // Journal of Applied Business Research; Fall98, Vol. 14 Issue 4, p1
Identifies risks that exist in multilocation audits (MLA) environment that do not exist in a single-location audit. Reasons MLA warrant research attention; Identification of MLA risk factors; Contents of the policy and procedure manuals; MLA audit risk model; Conclusion.
- The 1994 audit risk alert.
Allen, Robert D.; Loebbecke, James K.; Sorensen, Kenneth A. // CPA Journal; Feb95, Vol. 65 Issue 2, p12
Reports on the publication by the AICPA Auditing Standards Division of the report entitled `Audit Risk Alert-1994'.
- Discussion of 'Short Interest as a Signal of Audit Risk'.
Willekens, Marleen // Contemporary Accounting Research; Winter2011, Vol. 28 Issue 4, p1298
The article presents a review of a paper in the current issue by C. A. Cassel, M. S. Drake, and S. J. Rasmussen entitled "Short Interest as a Signal of Audit Risk."
- Audit risk alerts released.
Willekens, Marleen // Practical Accountant; Jan94, Vol. 27 Issue 1, p60
Reports on the AICPA's release of `Audit Risk Alert-1993.' Topics discussed; Price; Contact information for copies.
- IFAC on going concern, materiality and audit risk, and audit of accounting estimates.
Willekens, Marleen // Accountancy; Aug1986, Vol. 98 Issue 1116, p32
Reports on the accounting guideline issued by the International Federation of Accountants on materiality and audit risk. Role as a key factor in accounting; Effects on the accounting sector; Policy implications on accounting.
- EXPOSURE DRAFT NO.25: MATERIALITY AND AUDIT RISK.
Willekens, Marleen // Accountancy; Aug1986, Vol. 98 Issue 1116, p133
Discusses key accounting regulations on materiality and audit risk in Great Britain. Key stipulations of the regulations; Effects on the accounting sector; Policy implications on accounting.
- COMPANIES IGNORE IT RISKS.
Willekens, Marleen // Accountancy; Nov2011, Vol. 148 Issue 1419, p61
The article focuses on an industry survey that found many companies have failed to conduct any kind of information technology (IT) audit risk assessment, with 42 percent of organizations stating there are some parts of their IT audit plans that cannot be addressed due to a lack of expertise.
- AUDIT NEWS IN BRIEF.
Willekens, Marleen // Accountancy Ireland; Apr2005, Vol. 37 Issue 2, p20
Reports on developments in the auditing standards in Europe. Publication of the "Audited Risk and Fraud: Supplementary Guidance for Auditors of Charities," by Auditing Practices Board; Issuance of the proposed revised International Standards on Auditing (ISA) 320 on Materiality and ISA 540 on...
- Testing the Effect of Risk Attitude on Auditor Judgment Using Multiattribute Utility Theory.
Willekens, Marleen // Journal of Accounting, Auditing & Finance; Winter93, Vol. 8 Issue 1, p111
This article determines if risk factors affect the type of judgment made in the experimental context. The intent of this research is to study the effect of risk attitude on auditor judgment. Since there exists no one correct assessment of the internal control system, average correlation is used...
- the risk-based audit approach.
Fraser, Susan // Charter; Jul2011, Vol. 82 Issue 6, p54
The risk-based audit approach is firmly entrenched in audit methodology and yet is often misunderstood by auditors and their clients. This article seeks to explain its purpose and requirements within the context of the Australian Auditing Standards, as well as explain why it is critical for...
- Audito rizikos veiksniu vertinimas.
MackeviCius, Jonas // Management of Organizations: Systematic Research; 2005, Issue 33, p111
References towards the Lithuanian national audit standards related with the audit risk or the factors, which influence it. The paper presents. The methods of evaluation of the inherent, control and detection risk are considered. The factors, which influence the audit risk, are investigated...
- Money Management Q&A.
MackeviCius, Jonas // Medical Economics; 4/25/2012, Vol. 89 Issue 8, p48
The article presents questions and answers related to money management including the status of part-time associate in medical practice, payroll tax and ways to reduce audit risk.
- Tough Lessons Learned.
MackeviCius, Jonas // Primer on Internal Controls & Auditing: Crucial to Government & ; 2004, p72
The article focuses on several lessons learned by auditors from their experiences. A notorious fraud case known as Equity Funding taught the auditors to the possible occurrence of wide-scale collusion despite the inadequate incentive of participants to defraud. Another lesson was the capability...
- Application of Delphi method for determining the affecting factors upon audit risk model.
Hajihaa, Zohreh // Management Science Letters; 2012, Vol. 2 Issue 1, p379
The assessment of risks in an audit work could directly influence the costs, timing, and strategies as well as audit quality. The purpose of this paper is to identify the critical affecting factors on risks proposed in Audit Risk Model (ARM), in audit environment of Iran. In the present...
- Better Together.
Russell, J. P. // Quality Progress; Jun2010, Vol. 43 Issue 6, p68
The article offers information on the importance of conducting a proper audit. It states that audit is worthless without an efficient follow-up. It mentions that audit and follow-up must go together to perform an effective audit program. Meanwhile, keeping track of the status of conducted action...
- APB publishes charity audit guidance.
Russell, J. P. // Accountancy; Mar2005, Vol. 135 Issue 1339, p17
Reports on the bulletin "Audit Risk and Fraud--Supplementary Guidance for Auditors of Charities" published by the Great Britain Auditing Practices Board, as of March 2005. Issues address by the bulletin.
- Performing an audit: do I have to?
Fisher, Craig // Chartered Accountants Journal; Feb2005, Vol. 84 Issue 1, p30
The article focuses on issues related to auditing. The auditor is exposed to the same sorts of risks, no matter the size of the audit or how much they were paid for it. If they have not followed the audit standards, they will not have adequately addressed these risks. Sadly, small audits are...
- Debiasing Framing Effects in Auditors' Internal Control Judgments and Testing Decisions.
EMBY, CRAIG; FINLEY, DAVID // Contemporary Accounting Research; Summer97, Vol. 14 Issue 2, p55
This paper reports the results of an experiment examining the framing bias and a potential debiasing technique. Practicing auditors formed a judgment about a hypothetical client's inventory internal control system to determine the amount of related substantive testing. Auditors from two Big Six...
- Discussion of "Debiasing Framing Effects in Auditor's Internal Control Judgments and Testing Decisions"
BORITZ, J. EFRIM // Contemporary Accounting Research; Summer97, Vol. 14 Issue 2, p79
This article discusses the paper "Debiasing Framing Effects in Auditor's Internal Control Judgments and Testing Decisions," by Craig Emby and David Finley in the June 1997 issue of Contemporary Accounting Research. The author feels the paper is significant and offers valuable contributions to...
- Untangling pay modernisation.
Benton, David // Nursing Management - UK; Dec2004, Vol. 11 Issue 8, p26
Discusses the techniques for identifying the risks and benefits of the General Medical Services contract, the consultant contract and the Agenda for Change for medical personnel. Process used by auditors in identifying the risks in pay modernization; Factors to be considered in generating risk...
- Considering Multiple Materialities for Account Combinations in Audit Planning and Evaluation: A Cost Efficient Approach.
Dutta, Saurav K.; Graham, Lynford E. // Journal of Accounting, Auditing & Finance; Spring98, Vol. 13 Issue 2, p151
An analytic framework is provided for incorporating different user perspectives on materiality into the audit process. The framework serves as a tool for disaggregating materiality to specific accounts based on materiality criteria for accounts and account combinations. To improve audit...
- New auditing benchmarks add to accountants' loads.
Bonvissuto, Kimberly // Crain's Cleveland Business; 6/18/2007, Vol. 28 Issue 24, p17
The article reports on the implication of the new auditing standards to private firms and nonprofit organizations in the U.S. Accordingly, the firms are going to notice a lot of different questions and much more up-front discussions and planning and information requests before the edit has been...
- New audit and compilation and review alerts.
Bonvissuto, Kimberly // CPA Journal; Feb98, Vol. 68 Issue 2, p74
Reviews two books on accounting. 1997/1998 versions of the `Audit Risk Alert;' `Compilation and Review Alert' issued by the American Institute of Certified Public Accountants (AICPA).
- Determining Materiality: Relativity and Professional Judgment.
Kranacher, Mary-Jo // CPA Journal; Aug2007, Vol. 77 Issue 8, p80
The author focuses on the efforts of certified public accountants (CPAs) to look for guidance on the meaning of materiality. But despite accounting regulators' attempts to avoid bright-line rules and develop principles-based accounting standards, many in the profession consistently seek...
- Opening and Closing Meetings.
Hubbard, Larry D. // Internal Auditor; Feb2004, Vol. 61 Issue 1, p27
Presents information on several principles of conducting audit-client meetings. Information on the need to explain reasons for conducting the meeting; Importance of discussing the meaning of internal control and risk; Discussion on finalizing the audit report. INSET: Successful Meeting Habits.
- Curse of the Prior Workpapers.
Lange, Judianne Jones; Hubbard, Larry D. // Internal Auditor; Aug2005, Vol. 62 Issue 4, p26
Discusses the importance of records from previous audits in internal auditing. Benefits of examining workpapers from previous audits to the current audit; Risk associated with excessive reliance on previous audit work; Steps that auditors should perform when conducting a workpaper review. ...
- Addressing IT Risk.
Hallinan, Bud // Internal Auditor; Jun2008, Vol. 65 Issue 3, p74
The article suggests ways on how a chief audit executive of a global energy company in North America should address information technology (IT) risk and what the results of a technology survey mean for her organization. It offers information on how the executive should proceed after the audit...
- Risk Management Remains a Top Concern.
Cain, A. // Internal Auditor; Oct2009, Vol. 66 Issue 5, p13
The article details the results of the report "Future of Risk," by Ernst and Young. Ninety-six percent of global management surveyed say their risk management programs could still be improved, while forty six percent say more resources would result in competitive advantage. Five hundred and...
- Prosecutors Crack Down on Procurements.
McCollum, T. // Internal Auditor; Oct2009, Vol. 66 Issue 5, p14
The article discusses a report by PricewaterhouseCoopers (PwC) titled Cracking Down: The Facts About Risks in The Procurement Cycle, which analyzes data from the U.S. National Procurement Fraud Task Force (NPTFP). Procurement fraud, a risk to business has become prevalent not only in large...
- An Enterprise GRC Framework.
Rasmussen, Michael // Internal Auditor; Oct2009, Vol. 66 Issue 5, p61
The article focuses on the need to have the right processes and technology for a governance, risk and compliance (GRC) program. A GRC architecture that will sustain processes in organizations must be unified, automated, flexible and easy to use. Choosing from a myriad of information technology...
- Assessing the Risk.
Hromadka, Erik // Indiana Business Magazine; Apr2008, Vol. 52 Issue 4, p66
The article reports on the aim of Statements on Auditing Standards No. 104-111 concerning risk assessment on auditors. It is stated that the procedure is intended to institute standards and offer guidance regarding auditor's assessment of the risks of material misstatement in a non-issuer...
- Preparing for Your Next ALM Exam or Audit.
Guglielmo, Michael R. // Bank Accounting & Finance (08943958); Apr/May2007, Vol. 20 Issue 3, p3
This article focuses on model risk examination in the context of asset and liability management (ALM). Model risks refer to inaccuracies in the measurement of interest-rate-risk sensitivity of an institution. Major trends in balance sheet management and the evolution of the tools used to measure...
- AICPA Issues New Audit Risk Alert for Governments.
Guglielmo, Michael R. // Miller Governmental GAAP Update Service; 1/15/2004, Vol. 4 Issue 1, p1
This article summarizes the new audit risk alerts for U.S. local and state governments issued by American Institute of Certified Public Accountants. The Internal Revenue Service continues to keep an eye on state and local governments in a variety of matters. The revised audit guide for state and...
- AUDIT RISK.
Mitchell, Scott H. // Secured Lender; Jan/Feb2005, Vol. 61 Issue 1, p22
Analyzes the concept of audit risk. Factors which result to audit failures; Examples of pressures generated by the field examinations of the public accounting profession; Definition of audit risk; Focus of internal control risk.
- Don't Get Stuck Behind the Eight Ball: Master New Auditing Standards Now.
Wortmann, Richard E. // Pennsylvania CPA Journal; Winter2007, Vol. 77 Issue 4, p3
The article presents auditing standards SAS numbers 104-111 of AICPA's Auditing Standards Board (ASB) effective on December 15, 2006. SASs commonly referred as the Risk Assessment Standards focuses on level of audit assurance, planning and supervision, understanding internal controls, audit risk...
- Auditor liability.
Wortmann, Richard E. // Finance Week; 10/18/2004, p60
Focuses on auditor's liability in giving audit opinion concerning financial statements. Risks in giving audit opinion; Emphasis on auditing fraud; Development of law on fraudulent acts; Provisions in the common law.
- Announcing a New CCH Learning Center Course � Audit Risk Alert.
Wortmann, Richard E. // Corporate Business Taxation Monthly; Dec2008, Vol. 10 Issue 3, p60
The article focuses the review for the 2007/2008 AICPA Audit Risk Alert, which covers a vast variety of topics in areas of interest to auditors, including economic and industry developments in the U.S. Such topics include an overview of certain economic as well as industry developments that...
- DESPERATELY SEEKING LIMITED LIABILITY.
Perkins, Andrew // Accountancy; Jul96, Vol. 118 Issue 1235, p66
The article addresses issues concerning the increasing risk of litigation to auditors in Great Britain. According to the author, there is risk that a large firm of registered auditors could fail because of litigation pressure. He emphasizes that there is pressure to search for ways of limiting...
- Experience Curves -- a New Learning and Audit Risk Management Instrument.
Staliuuniene, Jolanta Dalia // Management Horizons: Visions & Challenges; Sep2007, p353
The article examines the adjustments professional service firms (PSFs) must make to implement learning and audit risk management (LM & ARM) successfully. The concepts of audit risk, which refers to the risk expressed by an auditor when the financial statements are materially misstated, are...
- Assessing Your Audit Risk.
Malkin, Kenneth F. // Podiatry Management; Jan2005, Vol. 24 Issue 1, p39
Deals with the use of procedure analysis reports in assessing Medicare audit risk in physician practices. Importance of taking a proactive stance in getting audited; Elements of a procedure analysis report created by practice management systems; Tabular presentation of a sample comparative...
- Rigori ale determinarii riscului de audit.
Bahl, Pami // Audit Financiar; Jun2012, Vol. 10 Issue 90, p51
This article aims to identify the most common mistakes which can be made by auditors as well as to clarify how audit risk questions and all other related aspects should be managed. The professional auditors must take into account the fact that each audit will provide them with a variety of audit...
- A Reexamination of Behavior in Experimental Audit Markets: The Effects of Moral Reasoning and Economic Incentives on Auditor Reporting and Fees.
SCHATZBERG, JEFFREY W.; SEVCIK, GALEN R.; SHAPIRO, BRIAN P.; THORNE, LINDA; WALLACE, R. S. OLUSEGUN // Contemporary Accounting Research; Spring2005, Vol. 22 Issue 1, p229
This study uses experimental markets to investigate how moral reasoning influences auditor reporting under different levels of economic incentives. In each multiperiod market, auditor subjects could either (1) misreport low observed outcomes as high and thereby reap economic advantages at the...
- On Combining Evidence from Subpopulations into a Composite Conclusion.
Boritz, J. Efrim; Zhang, Ping; Aldersley, Steve // Contemporary Accounting Research; Fall1993, Vol. 10 Issue 1, p227
Account balances are typically subjected to separate audit procedures (e.g., accounts receivable and inventory). Two or more assertions about a single financial balance may be subjected to separate tests (e. g., completeness and existence). Two or more transaction streams combining to form a...
- Technology companies should perform routine risk audits.
Mongan, Tod // Fort Worth Business Press; 11/7/2005, Vol. 18 Issue 45, p24
The article focuses on the need for companies to perform intellectual property risk audit regularly. The protection of a company's intellectual property should begin upon initial employment. The use of patents, trade marks and copyrights should be the focus of such audits. An audit also needs to...
- Riscul de audit �n viziunea standardelor interna?ionale de audit clarificate.
JONES, Martyn // Audit Financiar; Jul2010, Vol. 8 Issue 7, p51
This article outlines and explains the concept of audit risk, making reference to the key auditing standards which give guidance to auditors about risk assessment. Identifying and assessing audit risk is a key part of the audit process, and ISA 315, Identifying and Assessing the Risks of...
- Audit Risk Part Two.
Mitchell, Scott H. // Secured Lender; Mar/Apr2005, Vol. 61 Issue 2, p50
Discusses the responsibility of the field examination department over the audit programs developed by asset-based lending companies. Control of the department over the risk profile of lenders of the company; Importance of cash collateral audits to the financial stability of the firms;...
- Program risk the Internal Audit blind spot?
McCaul, Liam // Accountancy Ireland; Oct2006, Vol. 38 Issue 5, p27
The article reports on the action taken by the companies to monitor and control rigorously and consistently the risks, costs and strategic importance of the auditing programs. The failure to deliver programs on time, within budget, to specification, and with originally expected benefits poses a...
- RISK: A MODEL APPROACH.
Adams, Roger // Accountancy; May89, Vol. 103 Issue 1149, p120
The article describes the concepts of risk that lie behind some of the auditing advice recently offered by the Auditing Practices Committee in Great Britain. Even though there is a possibility of a degree of flexibility in the choice of an acceptable overall level of audit risk, the reality is...
- THE IMPACT OF MECHANICAL GUIDANCE AND JUSTIFICATION REQUIREMENT ON JUDGMENT OF AUDITORS OF DIFFERENT RANKS IN MATERIALITY DETERMINATION.
Audsabumrungrat, Juthathip; Pornupatham, Sompong // Global Conference on Business & Finance Proceedings; Jan2012, Vol. 7 Issue 1, p302
This paper examines the impact of providing mechanical guidance and justification requirement on decision making of audit managers and audit seniors of Big N firms in planning materiality determination. This paper fills the gap by examining materiality decision in the planning stage as previous...
- I� DENETIMDE RISK Y�NETIMI VE ISTANBUL MENKUL KIYMETLER BORSASI - IMALAT SANAYI SEKT�R�NDE BIR UYGULAMA.
Kara, Suat; Yereli, Ayse N. // Journal of Accounting & Finance; Apr2012, Issue 54, p65
The profession of internal audit has developed and acquired shape according to the needs of organizations and developments in the business world since the years it first emerged. Unability of the internal audit to prove its inherent potential with existing approaches led to exploration of new...