Monitoring and Auditing Performance-Enhancing Risks
Every executive knows that what gets measured gets done; the trick for compliance and audit executives is to assure that the metrics you use don’t lead employees to do something reckless. This week, columnist Jose Tabuena looks at the risks of incentives: where they can go wrong, how to help ...
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Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...
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ArticlePCAOB’s Christina Ho: How emerging technologies could improve audit quality
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.