Spreadsheets—especially Microsoft Excel—remain at the core of many accounting and financial processes. However, their use without strong controls can directly compromise the reliability of financial statements. This article explores how auditors should assess risks arising from the use of critical spreadsheets, particularly in relation to key audit assertions, and how to apply ISA 315 andContinuar Leyendo
Technology has profoundly transformed both personal life and business operations. From task automation to advanced data analysis, technological progress enables organizations to make faster, more informed decisions. What once depended solely on human judgment and repetitive manual reviews is now being redefined by artificial intelligence (AI), capable of automating processes, analyzing massive datasets, and anticipatingContinuar Leyendo
Traditional internal control design operates under an ideal assumption: that people will behave rationally, predictably, and ethically—as long as controls are clearly defined. But in the real world, people are not algorithms. We make emotional decisions, take shortcuts, and often act in ways that defy logic. This article invites a deeper reflection:Are we designing controlsContinuar Leyendo