If, through an internal financial audit, issues are uncovered or the information a company is able to provide is not the specific, higher-level information needed, it will delay the audit process, ...

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 ...

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 corporation said the problems stemmed entirely from an outside accounting firm it employed from 2017 to mid-2025.

However, IA should be conducted by a chartered accountant or a cost accountant although the internal auditor need not be a firm of chartered accountants or cost accountants. While section 138 does not ...

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When people hear the term internal controls, they often ...

Billions in state accounting errors, millions in questioned spending of federal funds and weaknesses in internal controls were among the findings of a report released Wednesday by the Oregon Audits ...

Nidec Announces its Important Notice Regarding Annual Securities Reports, etc. Nidec Corporation (the “Company”) has made timely disclosures today regarding the submission of the securities report and ...

In a regulatory filing, Macy’s (M) said that in the course of preparing the company’s financial statements for the interim period ended November 2, 2024, management identified a material weakness in ...

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

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (the “Company”) has made timely disclosures today regarding the submission of the securities report and the internal control report for the fiscal ...