The compliance program as an internal control
Do compliance programs make a difference? Post-mortem reviews of compliance failures typically raise the question as to whether the cause of the failure is due to a rogue bad actor or a failure in controls. It may be both; a lack of compliance controls allowed or even enabled the rogue ...
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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.
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