September 13, 2013
A Connecticut state auditors' report issued Wednesday reveals a troubled system of internal controls throughout the state's 12 community colleges, ranging from instances in which employees started work before signing contracts, contracts weren't competitively bid and proper purchasing procedures were skirted.
August 14, 2013
PCAOB board member Lewis Ferguson gives an update on public company oversight issues.
August 14, 2013
Organization Also Proposes a New Related Auditing Standard on the Auditor’s Responsibilities for Other Information in an Annual Report
August 14, 2013
The FBI has arrested the controller of Collin Street Bakery for mail fraud, three weeks after the Corsicana, Texas, fruitcake giant filed a lawsuit alleging that he had embezzled more than $16.6 million since January 2005 until he was fired this June, the U.S. attorney's office in Dallas said Tuesday.
July 26, 2013
The IRS announced today that it plans to retire two major e-Services incentive products used by CPAs, attorneys and enrolled agents to file authorizations and resolve IRS account problems.
July 6, 2013
Koss Corp. collected $8.5 million from Grant Thornton, the accounting firm that audited Koss' books during a portion of the time that Sujata "Sue" Sachdeva was stealing millions from the company.
June 26, 2013
Sloud, Inc. has announced it has retained Silberstein, Ungar PLLC as the company's external auditor.
June 14, 2013
City attorney says that inaction by bank led to the largest municipal theft in U.S. history.
June 12, 2013
South Carolina's Department of Probation, Pardon and Parole Services told lawmakers it would spend $3.8 million to hire 47 new agents, but instead used the money to boost the agency's cash reserves, according to a new report from the Legislative Audit Council.
June 5, 2013
Developers seeking city financing for projects that include for-profit colleges will face new standards under a proposal recommended for approval Tuesday by the Milwaukee Common Council's Zoning, Neighborhoods and Development Committee.
May 29, 2013
Although the Internal Revenue Service’s (IRS’s) travel card program controls are generally effective, the agency needs to take more aggressive action to address card misuse.
May 23, 2013
May 23–Seattle Public Schools may have to repay as much as $490,000 to the federal government because state auditors say the district did not spend some of its federal grant money appropriately in the 2011-12 school year. The auditors, in one of their regular audits of the school district, questioned how the district spent funds...…