Pharmacy benefit managers (PBM) audits are becoming increasingly dangerous for independent pharmacies. While the role of the PBM was initially to reduce costs for all parties involved, abusive PBM ...

The more key audit matters disclosed in an audit report, the higher the financial distress level of a company, according to a new study. The study, which appears in the current issue of the British ...

The U.S. firm of PricewaterhouseCoopers plans to stop offering some types of consulting services to its SEC-registered audit clients to provide greater independence, and will cut the compensation of ...

After decades of stagnation, the auditor’s report is changing. Previously, during the audit of financial statements, only a company’s auditor and Board were privy to important matters. But now, some ...

The new International Standard of Auditing (ISA 701), pertaining to communicating key audit matters (KAMs) in the auditor’s report, to be effective for audits of financial statements for the period ...

An internal audit is the primary control tool used to ensure that a company's accounting staff is following the proper accounting procedures. The process permits you to review a representative sample ...

The aim of the risk assessment auditing standards was to improve the quality and effectiveness of audits by substantially changing audit practice. Statements on Auditing Standards nos. 104–111 provide ...