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 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 Institute of Internal Auditors wants more organizations to put in place anti-fraud controls and decide on the role that internal audit will play. In a new position paper, “ Fraud and Internal ...

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 ...

Public accounting firms love to land new audit clients and keep their current audit clients happy. After all, acquiring new business and retaining it is the key to growth. But revenue growth can cause ...

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 ...

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 ...

Inventory is a large part of the auditing process for companies with physical goods. Inventory is a substantial portion of total assets for many companies. In addition, there are many complex ...

An audit of the control system in Thailand on poultry meat for export to Europe has found it has got worse in some areas since the last inspection in 2013. Auditors from the Directorate-General Health ...