Houston Chronicle

An Audit Firm's Responsibility About Weaknesses in Internal Control

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.

'23 state audit finds lack of internal control in South Bend schools

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

State audit finds ‘systemic’ control issues at South Bend schools; district says reforms underway

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

What is Internal Auditing?

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish objectives by ...

Audit finds Stockton’s financial controls weak, millions in discrepancies

Auditors found widespread internal control failures in Stockton’s finances, including accounting errors, delayed reporting ...
Accounting Today

SEC mulls rollback of internal control audit requirements

The Securities and Exchange Commission is proposing to limit the requirements under the Sarbanes-Oxley Act for audits of internal controls over financial reporting, making them apply to only the ...
Accounting Today

PCAOB approves tougher internal controls standard

Washington — The Public Company Accounting Oversight Board gave a thumbs up to a controversial new auditing standard that requires auditors to review and attest to the effectiveness of corporate ...
Ventura County Star

Auditors cite 42 internal controls issues but no fraud at VCMC

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 ...

State audit identifies systemic issue of past financial oversight at South Bend schools

A state audit is raising serious concerns about financial oversight within South Bend Community Schools.The report which covers July 2022 to June 2023... identi ...

South Bend schools responds to audit, cites 'proactive steps' taken

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

Internal Audit

Internal Audit is an independent, objective, assurance and consulting activity, assisting the university in meeting its objectives and improving the effectiveness of risk management, control and ...
Houston Chronicle

What Is the Purpose of Internal Auditing?

An internal audit helps a company ensure it has the proper controls, governance and risk management processes in place, according to the Institute of Internal Auditors. By nature, it's an independent ...