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

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

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

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.

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

A state audit is raising serious concerns about financial oversight within South Bend Community Schools.The report which covers July 2022 to June 2023... identi ...

MUNCIE, Ind. − A state audit of Muncie government finances during 2022 cited a lack of internal controls in recordkeeping of city revenue and expenditures, including proceeds of federal and state ...

A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

The Center for Audit Quality has published a free online reference source for public company auditors with lessons on performing audits of internal control over financial reporting. Processing Content ...

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 University of New Orleans failed to maintain an effective internal audit function and did not fully comply with financial reporting standards, according to a recent audit conducted as part of the ...