Audit smarter by reassessing audit risk / (Record no. 9922)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01466nam a22001817a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20241028142121.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241028b ph ||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
| International Standard Serial Number | 0021-8448 |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OCT |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Groskopf, Thomas |
| 240 ## - UNIFORM TITLE | |
| Uniform title | Journal of Accountancy / |
| Medium | July 2024 |
| 245 ## - TITLE STATEMENT | |
| Title | Audit smarter by reassessing audit risk / |
| Statement of responsibility, etc. | Thomas Groskopf |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Durham, NC : |
| Name of publisher, distributor, etc. | AICPA & CIMA , |
| Date of publication, distribution, etc. | 2024 - |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | Vol 238 (2) Pages 40-43 : |
| Other physical details | illustrations ; |
| Dimensions | 28 cm |
| 500 ## - GENERAL NOTE | |
| General note | Misstatement, as a back-end, form-driven compliance exercise. In these settings, risk assessment can be perceived as inefficient and not adding value. A 2022 survey of CPEA members conducted by the AICPA Auditing Standards Board (ASB) found that 75% of respondents believed the costs of an audit exceed the benefits for less complex entities (LCEs). Further, 73% of respondents reported that they are reluctant to scale or modify requirements in GAAS when auditing an LCE, primarily because of concerns related to peer review. Concurrently, risk assessment compliance and audit quality concerns exist, including those noted by practitioners performing peer reviews and by the AICPA Enhancing Audit Quality initiative. Standards are becoming increasingly complicated, in part reflecting the complexity of the business envi-ronment. Finally, the profession faces a workforce shortage that some have suggested is at a crisis level. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Audit & Assurance |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Continuing Resources |
| Suppress in OPAC | No |
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