The widespread use of information technology (IT) can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the ...

IT departments at many large companies are racing to document, remediate and test IT-related controls to meet a year-end reporting deadline for Sarbanes-Oxley compliance. The rush is on because many ...

New Sarbanes-Oxley Act compliance guidelines issued by the Securities and Exchange Commission on Monday should provide IT departments at publicly held companies with some relief in terms of the number ...

TO HELP AUDITORS COPE WITH THE ISSUES surrounding the explosive growth in information technology use, the ASB issued SAS no. 94, The Effect of Information Technology on the Auditor’s Consideration of ...

The auditors flagged "material weaknesses relative to internal controls over financial reporting." Among the concerns: the company failed to "properly identify, design, or implement general IT ...