Risk Assessment Standards
Eight new ways to minimize your risk.
The American Institute of Certified Public Accountants recently issued eight new requirements designed to improve year-end audit quality with a risk-based approach. While following these guidelines requires more planning time, research, and evaluation of your internal controls, the results will mean:
- A greater understanding of your business
- Better communication between Moss Adams and your key staff
- More efficient and effective audit procedures
- Recommendations based on internal controls review
New procedures. Better results.
In order to achieve new performance levels, here’s what you can expect from your Moss Adams team:
- More time devoted prior to year-end
- More interaction with you during the planning, pre-audit phase
- Interviews with key employees
- Deeper evaluation and understanding of internal controls
- Pre-testing operating effectiveness
- More communication regarding internal control deficiencies
- Internal control documentation review
- Varied time and energy commitment depending on the year and circumstances
- Customized audit plan
Assurance Services Contacts
Every Moss Adams office can assist you with your assurance services needs. Please visit our Contact Us section for the address, phone number, and e-mail address for each office.
You may also contact:
Neal West
Chief Practice Officer
800-243-4936
Jeff Brown
Director of Assurance Services
800-243-4936
