Employers conduct performance audits or evaluations to gauge whether employees are performing according to company standards. This process includes periodic assessment of work ethics, procedures and ...

The updated standards were released in January 2024 as part of the IIA's broader International Professional Practices Framework Evolution project, giving internal auditors a year to familiarize ...

SALT LAKE CITY — A new performance audit released Tuesday by the Office of the Legislative Auditor General (OLAG) reveals consistent problems across the state when it comes to construction standards ...

Performance auditing can be a powerful contributor to effective and accountable government. There is, however, a gap between the positive impact it could have and that which it is actually having. In ...

Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

As part of its overall strategy to strengthen audit quality, in 2014 the AICPA issued the discussion paper Enhancing Audit Quality: Plans and Perspectives for the U.S. CPA Profession, which provides a ...

The American Institute of CPAs’ Auditing Standards Board proposed a strategic plan Friday that will guide the ASB’s work over the next three years. The Proposed Strategy and Work Plan has five ...

Editor’s note: This article is the first in a series to help practitioners learn about the AICPA’s new quality management standards and prepare to implement them. In June 2022, the AICPA’s Auditing ...