As auditors navigate the financial waters ahead, what challenges might exist and how can you best prepare for 2023?
Using a data-driven approach through the Enhancing Audit Quality initiative, AICPA & CIMA have identified possible issues and ways to overcome them in four main topics: risk assessments, single audits, auditor's reports and technology-enabled auditing.
Read on to see the resources available to guide you in achieving high-quality, compliant audits in 2023.
Challenge 1: Risk assessment and an entity’s system of