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 ...

A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

The Indiana State Board of Accounts alleges the city misspent funds, hired a contractor illegally, overspent cash balances and failed to report conflicts of interest. The board’s report includes ...

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 ...

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 Connecticut Health Insurance Exchange, known as Access Health CT, was not following established procedures with invoices, purchase orders, bid quotations and credit card use, a recent audit shows.

Manchester aldermen have approved changes to the city’s policy on use of purchase cards and travel after an audit found evidence of potential personal use of such cards on items like meals and gift ...

The Internal Audit Office (the “Office) serves as a resource to examine and evaluate University activities in service to the Board of Trustees. The Office is dedicated to aiding the University in ...

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 ...

Editor’s note: This version has been updated to reflect the fact the audit report was given as a “qualified” status by ...