Why and How Audits Must Change - Practical Guidance to Improve Your Audits
Here are the essential steps that accounting firms must take to improve audit quality. The author provides detailed coverage of important topics such as risk-based auditing techniques, analytical procedures, technology, and internal controls. After explaining why frequently used audit approaches are inadequate for detecting material fraud, the author:
Provides specific and practical guidance to help auditors conduct higher quality audits
Offers guidance to financial executives on ways to evaluate their independent audits
Describes the steps that accounting firms must take to implement these much-needed changes
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