As part of a financial audit, the auditor must assess the inherent risk associated with the revenue cycle and perform tests to determine it is relatively free of ...

The PCAOB on Wednesday took three actions to update auditing standards and procedures, including the adoption of a change to an almost 20-year-old rule that tightens the standard of liability to ...

The Public Company Accounting Oversight Board adopted a number of amendments and proposed updates to strengthen some of its rules and standards — including some that haven't been looked at in nearly ...