Spotlight on Risk Assessment

Over 50% of audits fail to comply with risk assessment standards—even 14 years after they were introduced. Why? Misunderstandings about AU-C 315 and AU-C 330 continue to plague audit quality.

In her must-read piece, Spotlight on Risk Assessment, Melisa Galasso uncovers the four most common deficiencies—from ignoring internal controls to failing to link risks with audit procedures—and why your team could be falling into the same traps.

This insightful breakdown also introduces Wolters Kluwer’s Knowledge Coach—a dynamic audit solution that guides auditors like a GPS, ensuring compliance, efficiency, and confidence.