Once any bursary has been awarded, the Unsung Hero will need to establish an appropriate audit trail to show how the money has been spent.
They may need a clean audit report for their bankers, they typically provide audit opinions to investors, and their portfolio companies may need an audit.
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On top of the ever-present specter of potentially catastrophic liability, large U.S. audit firms have been burdened by the need to spend a meaningful percentage of their audit-related revenues 15.1% in FY 2008 on litigation protection.
We would also not need to demand an accounting and audit of the Federal Reserve Board.
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Audit firms need to be disbanded and downsized.
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Without the SEC findings and release, AMFA would have been hard pressed to justify the need for a forensic audit.
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To get at the real picture, CEOs need to cut through several layers of management, talk to mid-level managers, and audit their companies' safety procedures.
This is a serious task for board compensation committees, which, like their audit committee counterparts, will need to ensure their members have the skills to evaluate alternatives to traditional options and the independence to act on behalf of shareholders, not like rubber stamps for executives.
Audit Scotland said the need for boards to break even each year encouraged a short-term focus on spending.
Grayson said that there was a need for the DOL to employ highly trained accountants like the SEC to audit pension investments at least once every two years, as well as the unions themselves to ensure that no conflicts of interests exists.
We need to beef up and increase efficiency in the way we inspect billing, audit SNFs and prosecute violators.
Spain's banks will need an injection of 59.3bn euros to survive a serious downturn, an independent audit recently calculated.
But reports by NHS watchdog the Audit Commission have suggested even more patients could receive treatment if people who did not really need to be in hospital were not admitted, and more operations could be carried out if the service was better organised.
Last month, figures from the National Audit Office showed the need for more than 250, 000 extra primary school places next year, to meet the demand of a rising birth rate.
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