Reimagining Risk Assessment Training Course
According to a recent survey1 of CPEA member firms conducted by the Auditing Standards Board, 75% believe that the costs of an audit exceed the benefits for less complex entities. The survey also noted that 61% did not believe that current U.S. GAAS is scalable to audits of less complex entities, with 73% reporting a reluctance to scale or modify requirements in U.S. GAAS because of concerns over peer review. The overwhelming majority of these