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.

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 ...

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

A state audit is raising serious concerns about financial oversight within South Bend Community Schools.The report which ...

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 ...

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 ...

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

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 ...

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

A city audit has uncovered more than $1 million in taxpayer dollars that were mismanaged or left without solid paperwork in ...

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

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 ...