Bringing the Facts Into Focus: Four Audit Myths
Identifying, assessing and responding to risks of material misstatement are at the core of every audit. However, an AICPA Peer Review Program study found that more than one in 10 firms are not properly assessing risk or linking their assessments to their audit procedures. Further, there is a myth within the audit industry that there is no solution available today to address all areas of audit risk assessment.
Discover how CCH® ProSystem fx® Knowledge Coach, a key component of Wolters Kluwer's Integrated Audit Approach, busts four audit myths. Download the infographic.
Learn more about a #QualityAudit with Wolters Kluwer's Integrated Audit Approach.
The truth is CCH® ProSystem fx® Knowledge Coach with its risk-based methodology is the most comprehensive, patented solution on the market today. It addresses and solves for all the risk violations that today's most common used methodology does not.