A statewide audit outlines the lack of financial oversight previously had over the disbursement of millions of dollars in ...

In its June 23, 2025, memorandum (M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve "), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural ...

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA and Thought Leader in the Financial Field. As a business owner, conducting year-end financial audits is more than a ...

A new audit of the Houston Housing Authority revealed numerous problems with the agency’s bookkeeping and its administration of the nation’s largest affordable housing program, which uses vouchers to ...

The Navy plans to raise the Financial Improvement Program IV contract ceiling to $1.8B to meet accelerated auditability ...

On April 22, 2024, the Office of Management and Budget (OMB) made some important changes to its Uniform Guidance on Single Audits. If your nonprofit receives federal grants, keep reading to see if ...

The Pentagon failed its financial audit for the eighth consecutive year, the Defense Department said Friday, highlighting the ongoing systemic challenge the nation's largest federal agency faces in ...

Auditing the Defense Department full financial statement is required by law. Rather than focusing exclusively on doing whatever is necessary—including fast, temporary fixes—to get a passing grade from ...

Former Guam Department of Education Deputy Superintendent of Finance and Administrative Services Morgan "Wade" Borja Paul ...

SALEM, Ore. (KTVZ) — Every year, the Oregon Secretary of State Audits Division conducts two major financial audits: the Annual Comprehensive Financial Report and Statewide Single Audit. Auditors also ...

CPAs CAN USE DATA ON AUDIT MALPRACTICE claims filed with CNA, which underwrites 22,000 CPA firms in the AICPA professional liability insurance program, to help them avoid high-cost claims when they ...