AI Model Documentation Requirements for Auditors
Auditors must document how AI assists their work, not just that it's used.
Daniel Adeyemi
Staff Writer
Daniel Adeyemi
Daniel Adeyemi covers aiuc-1 and ai assurance, soc 1 & 2 and nursing facilities for Accounting Letter.
9 stories
SOC Report Frequency and Renewal Considerations
Type I and Type II serve different purposes and expire on different schedules.
Daniel Adeyemi
Subservice Organizations in SOC Reports
How to classify third-party vendors and what auditors must verify about them.
Daniel Adeyemi
SOC 1 vs SOC 2 Key Differences
SOC 1 protects financial data; SOC 2 protects all customer data and systems.
Daniel Adeyemi
SOC 1 Type I vs Type II Reports
Type I proves controls exist on paper; Type II proves they actually worked month after month.
Daniel Adeyemi
Type I vs Type II SOC Report Distinctions
Type I proves controls exist on paper; Type II proves they actually work over time.
Daniel Adeyemi
Related Party Transactions in SNF Financial Statements
SNFs funnel billions to affiliates, raising compliance questions across accounting frameworks.
Daniel Adeyemi
Auditor Independence Requirements Under GAAS
Auditors must satisfy both objective independence and the appearance of it simultaneously.
Daniel Adeyemi
Materiality Thresholds in Financial Audits
Materiality is a judgment process auditors must defend, not a formula to look up.
Daniel Adeyemi