Risk

Audit, risk and compliance platform AuditBoard announced the addition of three new AI-driven automation and analysis capacities to its platform.

A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies.

Despite the focus, however, most audit plans don't currently prioritize the risks, according to a new report from the Institute of Internal Auditors.

Plus, AuditBoard announces new analytics features; Airbase launches 'Touchless AP' capacities; and other accounting technology news.

The decision hinging on the definition of "inventory" in the sale of a highly valuable position in a U.S. partnership resolved a saga that began 16 years ago.

AI is your friend; hope from Moore; the risks; and other highlights from our favorite tax bloggers.

The planning strategies for large individual equity holdings pose tax, investment and behavioral questions for financial advisors and their customers.

Corporate performance management solutions provider OneStream debuted today on the Nasdaq with a roughly $490 million IPO

Former President Trump is disavowing the conservative blueprint, which advocates for radical shifts in regulations and taxes that would reverberate in the industry.

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

LogicGate released AI governance software to help entities govern and manage implementation of the technology in their organizations.

The modern chief financial officer is increasingly tasked with risk management, including identifying and mitigating various risks such as cyberthreats and regulatory compliance issues.

A majority of audit committee members are eyeing cybersecurity as a top priority in the next 12 months, followed by enterprise risk management and talent.

While every company is different, there are 12 operational areas distressed businesses often miss, which can foretell a deteriorating financial condition.

AuditBoard announced new artificial intelligence, analytics and annotation capabilities.

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is working with the National Association of Corporate Directors on developing a corporate governance framework.

A recent survey of accountants shows professionals admitting to mistakes at a rate between several per week to several per month.

The guidance would align with COSO's widely used internal controls and enterprise risk management frameworks.

The Governmental Accounting Standards Board released guidance requiring state and local governments to disclose information about certain risks.

A study finds the negative effects of such events can lead to pessimistic risk assessments of financial reporting choices and a decline in accrual-based and real earnings management for companies in the impacted areas.