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 ...

Data is more than just information. In the age of analytics-as-a-service, it's a valuable asset. The Big Data and analytics market has a value of $274 billion globally. A significant part of that ...

A few years ago, I sat in on the closing meeting of an aerospace supplier's AS9100 surveillance audit. The auditor ask ...

The Public Company Accounting Oversight Board intends to update some of its older auditing standards, some of which it inherited two decades ago from the American Institute of CPAs after passage of ...

Ole-Kristian Hope is the Deloitte Professor of Accounting at the University of Toronto's Rotman School of Management. He teaches Commerce, MBA, and PhD courses in accounting. He has broad research ...

The Securities and Exchange Commission headquarters in Washington, D.C. The PCAOB voted to adopt the standards in November after making some modifications to assuage several of the concerns raised ...

The 2024 ECCP demands data-backed evidence of a genuine, embedded compliance culture. The DOJ’s stance is clear: a company’s commitment to compliance is only credible if it’s supported by data that ...

Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

Businesses need comprehensive data strategies to stay ahead, but many organizations have not done enough to create a strategy that can scale to solve current use cases while ensuring they can adapt ...

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 ...