For all the hype about artificial intelligence (AI) in audit, David Heath’s starting point is more prosaic: auditors still spend too much time chasing ...

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 ...

The auditing profession was already in the midst of transformation, thanks to technological advances and other factors. Then, the COVID-19 pandemic came along and accelerated those changes, further ...

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 ...

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 ...

Value stream management involves people in the organization to examine workflows and other processes to ensure they are deriving the maximum value from their efforts while eliminating waste — of ...

Data privacy is at the top of the agenda as companies strive to comply with regulations such as the EU General Update To Data Protection Regulation (GDPR). At a time when firms are collecting vast ...