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.

The Center for Audit Quality has published a free online reference source for public company auditors with lessons on performing audits of internal control over financial reporting. Processing Content ...

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 ...

Lt. Gov. Randy McNally said that "criminal charges could be widespread" after initial forensic audit findings were revealed ...

Preliminary findings from the state audit of Memphis-Shelby County Schools show over $1 million in spending considered waste ...

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 Association of Chartered Certified Accountants (ACCA) and The Institute of Internal Auditors’ (IIA) Internal Audit Foundation have produced a report emphasising the importance of internal control ...

The audit, conducted by CliftonLarsonAllen LLP (CLA), is only 25% complete and designed to cover fiscal years 2022 through ...

A forensic audit into Memphis-Shelby County Schools has revealed significant operational concerns inside the district, ...

Auditors found widespread internal control failures in Stockton’s finances, including accounting errors, delayed reporting ...

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, ...

Daytona's internal auditor says the fire department’s P-Card program requires strengthened governance.