When you hear the term audit, you may immediately think of a team of IRS officers rummaging through your files looking for discrepancies and errors in your business's tax returns. However, financial ...

We all knew things were bad at the California Department of Motor Vehicles. But an eye-opening new state audit documents how shockingly bad. The audit, by the state Department of Finance, paints a ...

Financial statements comprise three important written records: the cash flow statement, the income statement and the balance sheet. Companies furnish financial statements to provide information on ...

The window for “wait and see” is closing. Companies must have a clear AI adoption road map for finance and audit in 2026.

The authors of “ Eight Habits of Highly Effective Audit Committees” (Sept. 07, page 46) have identified relevant recommendations. However, these recommendations are for an audit committee that is a ...

RICHMOND, Va. (WRIC) — The organization that maintains dozens of Virginia’s government buildings was found to be behind on over 1,500 projects, unpaid on orders more than a decade old and with overall ...

The Defense Department has failed its fifth-ever audit, unable to account for more than half of its assets, but the effort is being viewed as a “teachable moment,” according to its chief financial ...