Risk

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.

ART programs provide a number of benefits, including more control over premiums and a more stable renewal process. However, the tax consequences require a thorough vetting.

Economic conditions, including inflationary pressures, topped the list of concerns cited by executives on a new survey.

A recent survey has found internal auditors are optimistic about the economy and about the availability of talent going into 2024 despite ongoing risks in both areas.

Stephen Vono and John Raspante of McGowan Pro look at the new areas that are sparking claims against firms — and the tools they can use to protect themselves.

Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.

The Top 20 Firm bought the risk management and loan review services divisions of Sheshunoff Consulting + Solutions.

While people seem to have concerns about the rise of generative AI and the risks it presents, people are still using it and trusting its answers.

A new report says the service isn't effectively managing or resolving many of its remediation efforts.

New AuditBoard solution focused on IT risk management; KPMG deepens relationship with Service Now; and other news and updates from the accounting technology arena.

Green is costing green; Moore to come; disaster disbelief; and other highlights from our favorite tax bloggers.

Why accountants should prioritize nonfinancials in business valuations

Internal audit has become a necessary line of defense in organizational management of these risks

Board staff released a spotlight report to provide food for thought for committee members about fraud risks, cybersecurity, digital assets, critical audit matters and more.