New standard sharpens focus on risk-based auditing

2021-10-13

The AICPA Auditing Standards Board issued a new risk assessment standard Tuesday that is designed to help auditors determine the areas that pose the greatest risks of material misstatement in an audit engagement and spend more of their time performing procedures in those areas.

Full story:

CPA Letter Daily

Accounting News

Designed specifically for CPAs and those who work within the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news.