RSM US has introduced Ask Luca, a generative AI (genAI) capability embedded in RSM Luca, its digital audit environment. Ask ...

Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, ...

The Center for Audit Quality and several corporate governance organizations and companies have created a new online auditor evaluation tool to help the audit committees on corporate boards evaluate ...

Today’s audit profession is driving exciting and unprecedented changes that are fundamentally evolving the role of the auditor and how audits are performed. Breakthrough innovations in areas such as ...

The Center for Audit Quality has just issued Cybersecurity Risk Management Oversight: A Tool for Board Members. The tool offers questions that directors can ask of management and the auditors as part ...

The concepts of quality assurance and audits are two distinct ideas that serve the same purpose: improving quality, consistency and reliability in operations. Quality assurance is more of an abstract ...

The Financial Reporting Council (FRC) has raised concerns over the UK’s largest audit firms’ failure to measure how artificial intelligence and automated tools are affecting audit quality, despite ...

When performed correctly, audits of employee benefit plan financial statements can be extremely rewarding for a firm and its auditors. It takes specialized expertise to excel in employee benefit plan ...

An overwhelming number of finance leaders say their external audit benefits from the use of advanced technologies, like the cloud, artificial intelligence (AI), and data and analytics. In fact, in a ...

Companies, government agencies and nonprofit organizations use auditing practices to manage compliance with internal controls. For example, an auditor looks for inconsistencies in financial records.