A second audit report is overdue for the same reason the first one was late: StanCOG's financial records were in a shambles.

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 ...

After more than 10 years of sounding alarms about the dangers of having internal audit report administratively to the chief financial officer, I must grudgingly concede my warnings have fallen on deaf ...

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 ...

The November collapse of cryptocurrency exchange FTX serves as a lesson of what happens when a corporation avoids internal audits of its own financial operations. A new article examines how such ...

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 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 ...

During the opening months of the year, many fast-growing companies will consider how to start off 2025 strong. The to-do list may include objectives like securing additional funding, exploring ...

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 ...

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 ...

Hospitals are subject to numerous state and federal laws, rules, and regulations, like all healthcare organizations. However, due to their outsized role in our nation's healthcare system, the ...

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 ...