A new audit data standard issued by the AICPA Assurance Services Executive Committee addresses the inventory subledger and is intended to accommodate basic analysis of the inventory process. Through ...

In an effort to make the audit process more efficient and effective, the AICPA Assurance Services Executive Committee (ASEC) has developed voluntary audit data standards that would standardize the ...

Data Analytics has emerged as an indispensable component within the realms of auditing and information systems, transforming traditional methodologies by integrating advanced computational techniques ...

The Institute of Internal Auditors has published a new guide to help auditors deal with the challenges of “big data,” the huge volumes of structured and unstructured information that’s being generated ...

Data security, once the realm of the IT department, has catapulted into a headline-grabbing topic in 2018, especially in light of Facebook CEO Mark Zuckerberg’s testimony before Congress in April.

Internal auditors are seeing increased value from leveraging data analytics for internal controls evaluation, fraud detection and compliance monitoring, according to a new report. The report, released ...

Most resolutions are built on vague impressions instead of hard numbers, and some people are responding with a new type of resolution.

Most companies are subject to audit, be these quality or financial. Audits, as defined in the internal standards for quality audits, ISO 19011:2018—Guidelines for auditing management systems, are a ...

In this, the first in a two-part series, we walk through the initial steps businesses need to take to mobilize their data: a data audit and data consolidation. It has been argued that “data is the ...