The Indiana State Board of Accounts alleges the city misspent funds, hired a contractor illegally, overspent cash balances and failed to report conflicts of interest. The board’s report includes ...

A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

This forensic audit is a strong reminder that when taxpayer dollars are involved, we have zero tolerance for fraud, waste, or mismanagement,” said Gov. Ned Lamont said.

Manchester aldermen have approved changes to the city’s policy on use of purchase cards and travel after an audit found evidence of potential personal use of such cards on items like meals and gift ...

The Connecticut Health Insurance Exchange, known as Access Health CT, was not following established procedures with invoices, purchase orders, bid quotations and credit card use, a recent audit shows.

MUNCIE, Ind. − A state audit of Muncie government finances during 2022 cited a lack of internal controls in recordkeeping of city revenue and expenditures, including proceeds of federal and state ...

Auditors have pointed to dozens of concerns about fiscal safeguards at Ventura County Medical Center, tying the issues to the tone set by top leadership. The four-month, $100,000 audit was conducted ...

An audit of the city of Camas’ finances released by the Washington State Auditor’s office found the city’s internal controls to be inadequate. According to the state’s findings, which were released ...

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported ...

As part of a financial statement audit, auditors are required to obtain an understanding of a company's internal control system. Internal control is an interconnected web of policies, procedures, ...

DEBATE HAS RAGED FOR YEARS i n financial and accounting circles over issues of independence, auditing and accounting standards, and corporate governance. In the event of an auditing malfeasance trial, ...

Editor’s note: This version has been updated to reflect the fact the audit report was given as a “qualified” status by ...