All Audit Data Standards articles

  • MerrillLynch

    Merrill Lynch to pay $300K for failing to ‘promptly’ produce audit trail data


    Merrill Lynch must pay a $300,000 civil monetary penalty for failing to promptly produce to the CFTC certain required records and, separately, failing to supervise its employees and agents.

  • Blog

    AICPA Moves Closer to Audit Data Standards


    Image: The AICPA has finalized two audit data standards for sub-ledgers, focused on order to cash and procure to pay. Companies that voluntarily adopt such standards, which provide a framework covering data fields and files commonly requested by auditors, could find the work to fulfill auditors’ file requests trimmed from ...