When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

The last thing auditors want to do is sign off on financial statements that aren't correct. To avoid this situation, auditors when designing audit procedures evaluate the risk of the company ...

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...

Samantha Bowling, CPA, CGMA, knows a thing or two about how accounting firms can use technology to boost audit quality. As managing partner at Upper Marlboro, Md.-based Garbelman Winslow CPAs, Bowling ...