For the second consecutive year, the Office of the Inspector General has found the House to not have effective internal control of its financial reporting. The results of a 2010 audit of the House’s ...

Every audit requires dedicated time, precise coordination and extensive resources. Audit firms work with many clients and schedule their people and resources months in advance of the actual audit. If ...

In settings where both the audit committee is highly effective and the financial statement auditor intends to issue a more detailed audit report, corporate managers are more likely to disclose risks ...

Good morning. Audit committees, which are often composed of directors with an extensive background in finance or accountancy, like CFOs, carry a lot of weight on corporate boards. And their workloads ...

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 ...

For more than a decade, I have been trying to dispel lingering myths that haunt the modern internal audit profession. Processing Content Some of the myths are based on perceptions, such as "Internal ...

Third-party auditors found deficiencies in the Labor Department’s information security and continuous monitoring controls. KPMG, which performed an audit released Tuesday by the Labor Department ...