The audits left the agencies vulnerable to waste, fraud and abuse, a report
by Associated Press said.
According to AP, the two departments’ financial records are so disorganized
and inconsistent they cannot be fully audited.
The US government implemented external audits for government agencies in 1996
to ensure they comply with GAAP standards. Each year, those agencies are
required to release results of outside audits.
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season