The reports cite material weaknesses in financial processes and federal program compliance.

SBCSC acknowledged the audit findings but said governance and procedure reforms were already underway before the report was ...

Auditors found widespread internal control failures in Stockton’s finances, including accounting errors, delayed reporting and weak oversight of public funds.

A growing number of U.S. hospitals are breaching contractual obligations with their banks, highlighting the need for greater internal audit controls that can flag such issues and stop a problem from ...

Following these tips can help maintain an audit quality-control system that holds your firm to professional standards and aids in delivery of a top-notch product to clients, experts say. Focus on the ...

State says South Bend schools errors "can diminish overall confidence in ... financial management." Local officials say many issues already addressed.

The coronavirus pandemic has raised a number of questions about how to properly audit financial statements when internal controls have changed due to dramatic changes in an entity’s business volume ...

A forensic audit of spending and actions taken by former Atlanta Chief Financial Officer Jim Beard found the city had insufficient policies to control spending of top-level executives. It also says ...

The state auditor’s office says in a new report that it’s keeping the California Department of Technology (CDT) on its list of “high-risk” agencies due to concerns about state departments’ information ...