Tag Archives: accounting risks
Audit risk assessment is a crucial aspect of auditing that ensures businesses remain compliant with regulatory requirements, identify potential weaknesses in their systems and take appropriate measures to mitigate risks. Auditors need to have a deep understanding of the components involved, the importance of risk assessment in audit planning and the tools and techniques available […]
Warning! Responding to Any Third Party Request for Verification or Comfort Can Put Your Practice at Risk
By Surgent CPE
Even a verbal response or attempt to provide a written “non-answer” for any request by a third party for verification can put your CPA practice at risk.