Business Valuations Blog

Financial Reporting Valuations: Auditing Standards Board Releases Clarified Risk Assessment Standards

The Auditing Standards Board recently released six clarified Statements on Auditing Standards related to risk assessment, as part of its clarity project. This project, which will redraft all standards over the next two years, will make the auditing standards easier to read, understand and apply, and falls in line with the Board’s objective to converge all standards with the International Standards on Auditing.
 
Read more about the Auditing Standards Board’s new statements.
 
To discuss financial reporting valuations for  your organization, contact Ken Haffey at 440-449-6800.
 

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