With the federal OMB Compliance Supplement arriving late, the AICPA’s Governmental Audit Quality Center is moving to fill the ...

Stratified mean-per-unit sampling is a key tool used by auditors. The popularity of this statistical procedure arises from its unique ability to produce trustworthy ...

The American Institute of CPAs has released "Audit Sampling," a newly updated audit guide containing the latest requirements and practices for auditors. The institute has updated the guide for the ...

A new report from the Office of Inspector General (OIG) released Monday suggests that a majority of New Jersey nursing homes in OIG's audit failed to ...

The Tennessee Comptroller's Office released a 2025 audit for the Department of Children's Services, which highlighted several ...

Documenting the nature, timing, extent, and results of your procedures may seem as if it will break your audit budget, but many practitioners have found that this isn’t the case. An AICPA study found ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and continuous assurance, shifting the auditor's role ...

ISLAMABAD: The Directorate General of Audit (Power) has accused Power Division of not providing documents about National Electricity Policy 2021 and National Electricity Plan 2023-27 which are ...