The DoD's office of the inspector general found documentation gaps and inaccuracies in an external audit of the Marine Corps but approved it anyway.
Half of the rise in carbon dioxide levels, caused by burning fossil fuels, has occurred since 1980, says the NOAA.
The securities regulator has deficiencies in some financial controls and weak cybersecurity measures, says the GAO.
Not only are there technological obstacles, but there is also no definitive guidance on what data should be made available to auditors.
Thomas Hoenig says "traditional banks" with minimal derivative holdings and large amounts of equity deserve some regulatory relief.
If tax officials find that a business has “nexus” in a state, the penalties and interest they charge can easily double the tax the company…
FASB responds to feedback that having different balance-sheet presentation for for debt issuance costs and debt discount spawns unneeded complexity.
The PCAOB staff plans to discuss auditors’ responsibilities for accounting estimates with the Standing Advisory Group in June.
A partner at L.L. Bradford failed to monitor partner assignments, leading to auditor rotation violations in six public company audits, says the PCAOB.