In a 2014 book, former Secretary of State Powell explained how he judges evidence and where he went wrong with his speech to the UN on Iraq’s weapons of mass destruction. These same principles apply to audit evidence.
Blog
Risk Assessment: Performance Audits vs. Financial Audits
In this special episode of THE SAMPLE, Leita Hart-Fanta talks to Charles Hall about risk assessment by comparing performance and financial audits.
3 Attributes of ESG Reporting
Featured speaker, Douglas Hileman, shares how government entities play an important role in ESG reporting. Government promulgates regulations, develops policies, manages programs, and may have monitoring and enforcement authority over business partners and regulated entities. So much to know!
Linkage: How Audit Objectives, Risk, Findings & Evidence Fit Together
Always make sure the major parts of the audit fit together. The objective is satisfied, and the risks are addressed. The findings address the objective and the risks while supported by evidence… Linkage!
Double-Check Your Evidence
Before you put your professional reputation behind the audit conclusion and publish, double-check your evidence!
Magnitude & Likelihood
In a risk assessment, you must list all the bad things that could possibly happen first and then rank them for magnitude and likelihood.
6 Quality Objectives for Government Engagements
Chapter 5 of the 2024 Yellow Book specifies 6 engagement quality objectives. Audit teams use these objectives to assess quality risk and design responses to address those risks. Be careful… These objectives overlap quite a bit!
Communicating Audit Results So Management Loves Them
Featured speaker, John J. Hall, provides this information on how to get management excited about your audit recommendations by communicating audit results the ‘right way!’
The Emotional Bank Account
An auditor’s emotional bank account balance always starts with zero! Follow these easy guidelines as soon as possible to build up that emotional bank account with your auditee and watch your investment grow.
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