STATEMENT ON AUDITING STANDARDS (SAS) no. 96, Audit Documentation, marks the first big change in the requirements auditors must observe when documenting their audit work. It provides general guidance ...

As part of a financial audit, the auditor must assess the inherent risk associated with the revenue cycle and perform tests to determine it is relatively free of ...

It is reminding trustees to strengthen audit files by ensuring evidence supports their conclusions across key compliance areas. The regulator stated that some audit files contain a large amount of ...