Solvency versus going concern Directors have obligations in relation to both solvency and going concern which differ. Solvency is the entity’s ability to pay its debts as and when they become due and payable. Going concern contemplates whether a business …
The Institute of Internal Auditors recently published a Practice Guide: Auditing Credit Risk Management, which is relevant in the current economic crisis where companies are struggling to remain financially sustainable. It is available for members on the IIA website. The …
The Center for Audit Quality affiliated with the American Institute of Certified Public Accountants published the above tool which you should be able to open and download from the following website address: https://www.thecaq.org/cybersecurity-risk-management-oversight-tool-board-members
Sabine Vollmer is the author of an article with the above title published in the July 2018 issue of the Journal of Accountancy. Sabine gives an example where the audit committee once a year schedules confidential sessions with each of the …