An internal audit control system is like a good diet and exercise plan. Like the measures you take to protect your health, it consists of all the policies and procedures you have in place to protect ...

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 ...

Internal auditors are traditionally defined as in-house accountants who conduct regular and continuous examination of financial records and internal controls. Business risk refers to the probability ...

For the 71 companies that did report actual internal control audit fees, those fees averaged $2.6 million, Eldridge said. Those firms also had average total audit fee increases of $2.6 million, ...

No matter what internal audit gets called to do, there will always be a cadre of misguided executives and board members who think internal audit is just an extension of the finance function.

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 ...

Snow covers the grounds of the St. Elizabeth's campus near the Ceremonial Entrance of the Department of Homeland Security's headquarters on Feb. 2, 2021. (DHS photo) The independent public accounting ...

I continue my blog post series on the Holder Report (Report) to the Board of Directors of Uber Technology, Inc. (Uber) where the Board asked Holder’s law firm, Covington & Burling LLP (Covington), to ...

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 ...

A performance audit of the Office of the Minnesota Governor and Lieutenant Governor found multiple instances of noncompliance ...