The University of New Orleans failed to maintain an effective internal audit function and did not fully comply with financial reporting standards, according to a recent audit conducted as part of the ...

The latest audit reports find issues with SBCSC's finances, including $30M underreported spending. The district says the issues are being addressed.

The Sarbanes-Oxley Act of 2002 significantly expanded oversight of public companies following high-profile accounting scandals at Enron and WorldCom. Among its most debated provisions is Section 404(b ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...

In 2024, the global M&A market experienced a notable resurgence after two challenging years. By the end of 2023, the market had seen a 34.7% decline in deal value from the peak levels of 2021. 1 ...

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 ...

The City of Tacoma was found to lack adequate internal controls to ensure its contractors complied with federal reporting and wage-rate requirements in 2023, according to a state audit report ...

Auditors who issue adverse opinions regarding a client's internal controls can find their careers derailed, according to a recent study. Processing Content The study, released in March, found that ...

(the “ERM Framework”) has not been superseded by the 2013 Framework. While the ERM Framework and the 2013 Framework are intended to have different focuses, the two frameworks are designed to ...

Audit committees don't have to become teams of model AI engineers. They need reliable information that helps them exercise ...

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (the “Company”) has made timely disclosures today regarding the submission of the securities report and the internal control report for the fiscal ...

Community members heard the findings from an audit of Suffolk Public Schools’ financial records at a school board meeting ...