The more one hears of verification, the less one understands what it means. In our cover story, reflecting our April theme of “verification as the heart of design,” the authors emphasize that the ...

Audit procedures refer to the steps undertaken by an auditor to achieve the specific objectives of an audit when conducting the fieldwork phase of the audit. These objectives include ensuring the ...

Janet Beckmann, CPA, Principal, Risk Services and Data Analysis Practice Leader, Brown Smith Wallace LLC Larry Pevnick, CPA, CFF, Member in Charge of Insurance and Reinsurance Services, Brown Smith ...

The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

The customs authority is empowered to verify whether a good imported into its territory under Preferential Tariff Treatment (PTT), complies with the rules of origin and other requirements set out in ...

Big Data demands and enterprise resource planning (ERP) systems are now commonplace in the business environment and not restricted to larger audit engagements. Auditors must deal with the lack of ...