In addition, customers for professionals services, including Audit Committees, have no comprehensive or effective way of vetting accounting firm partners assigned to the audit, tax, and key risk and compliance activities at their companies.
FORBES: KPMG's Inside Trader: What The Auditor, and Skechers, Don't Want To Talk About
But he has been involved in a string of embarrassing incidents since taking office in 2010, including a pending audit of his campaign expenses.
Richard Shelby, R-Alabama, co-sponsored what they called a compromise package of safety standards for those Mexican trucks, including a safety audit for each truck firm before a U.S. operating certificate is granted, more scales and U.S. inspectors at the U.S-Mexican border crossings, and a requirement for Mexican truckers to comply with U.S. hours-of-service rules.
Quality of corporate governance including risk committee and audit committee effectiveness and quality of disclosures by management to those board committees.
FORBES: No Accounting For Auditor PwC At Levin's Whale Hearing
Effectiveness of the internal audit function including management focus and action on reports that cited weaknesses and other serious issues to address.
FORBES: No Accounting For Auditor PwC At Levin's Whale Hearing
In a statement last week, the IRS blamed a decline in some performance measures, including a drop in audit coverage and collections, on an 8% decline in its workforce since 2010, plus a doubling of the staff it has assigned to fight identity theft refund fraud.
FORBES: As IRS Tax Filing Season Begins, Bad News For Honest Taxpayers
Audit requirements are satisfied by including with every electronic document a separate certificate of completion and a legally binding audit trail with the identity of the signer, a time stamp, and location information.
Churches reap a vast array of tax advantages, even including special limits on IRS audit powers.
For accountants, the harshest aspect of the new legislation is its outright ban on nine kinds of non-audit service, including building financial-information systems, legal services and investment banking.
On a positive note all health care bodies broke even, including reducing management costs, however the audit office says they must continue to focus on ways to live within their means.
More than 1, 700 executives across 43 countries, including CFOs and heads of legal, compliance and internal audit, were surveyed for their views on fraud, bribery and corruption.
FORBES: Sometimes The Best Way To Beat The Competition Is To Cheat
Earlier this year it agreed to change its labor practices after an outside audit found widespread breaches of work rules, including 60-hour workweeks and regarding health and safety.
WSJ: Hon Hai Riot Highlights Squeeze on Chinese Manufacturers
That second audit has now been questioned on many grounds including the fact that, through a set of careless procedures, the observers could have been duped when selecting a random sample of centres to audit.
Many details, including how many other members of the family are affected by the audit, weren't immediately available.
Argenbright put a compliance program in place at Philadelphia Airport -- but not before another FAA audit showed that the company continued to violate regulations, including the hiring of individuals with prior criminal records.
CNN: Review of airport security firm shows security breaches continue
Establish a board Risk Committee (separate from the Audit Committee) and assign it responsibility for enterprise risk (including IT risks).
FORBES: It's Time For The Security Industry To Step Up And Play Offense
The Audit Scotland report referred to high profile public sectors pay-offs, including a former chief executive of West Dunbartonshire Council, who was hired for five years but given a pension for nearly nine years' service.
BBC: Call for 'value for money' Scottish public sector pay-offs
The council's 11 members, including the chief minister, offered to resign following a highly critical report by the Wales Audit Office (WAO).
BBC: NEWS | Europe | Guernsey | Resignation letters go to States
Steve McIntyre, a retired Canadian mining consultant whose blog, Climate Audit, has been the source for much detailed critique of climate reconstructions, including those of CRU, might, though not an academic, be the sort of person Mr Stringer is thinking of.
The audit rate has fallen 70% since 1996, and auditors have other tempting targets, including lots of dodgy new tax shelters.
"The Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the FCPA, " it said.
While larger local authorities with bigger budgets may find it easy to adapt to the changes, the committee is concerned that the 9, 800 smaller bodies, including parish councils and internal drainage boards, which have been entitled to low-cost services from the Audit Commission, will struggle to cope.
BBC: Audit Commission's abolition could be dangerous, say MPs
It must seek the commission's approval for all its big decisions including its budget, the auditing standards it promulgates, and any disciplinary sanctions it wants to impose on errant audit firms.
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