Topic
Audits
357 published works
Sentencing Law and Policy
Private prison fares poorly in audit by Ohio officials
Main October 7, 2012Private prison fares poorly in audit by Ohio officials As reported in this local article, headlined "State audit rips private prison on health, security," Ohio officials were…
Securities Compliance Sentinel
Sarbanes-Oxley Redux
We have not talked about the Sarbanes-Oxley Act in sometime, so let's jump right in!! Interestingly, over the last 10 years since Sarbanes-Oxley became effective, audit costs for public and…
The Contractor's Perspective
Postal Service spent $2.8 billion on highway transportation in 2011
The Postal Service spent $2.8 billion on 16,993 Highway Contract Route (HCR) contracts in 2011, according to a newly released audit report by the U.S. Postal Service Office of Inspector General…
Washington Energy Report
FERC Staff Answers NERC Accusations Regarding Audit Report
On May 23, 2012, Staff from FERC’s Office of Enforcement submitted a response to supplement the record in its financial performance audit of the North American Electric Reliability Corporation (“NERC”) and…
Washington Energy Report
NERC Contests FERC Audit Report, Files for Rehearing
On May 15, 2012, the North American Electric Reliability Corporation (“NERC”) filed a request for rehearing of a May 4, 2012 letter order issued by the Director of FERC’s Office…
Securities Law Prof Blog
SEC Charges Deloitte & Touche-Shanghai for Refusal to Turn Over Audit Work Papers
The SEC announced an enforcement action against Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. for its refusal to provide the agency with audit work papers related to a China-based company under investigation…
Securities Law Prof Blog
GAO Finds Continuing Significant Internal Controls Deficiencies at SEC
The GAO released another report on the SEC entitled Improvements Needed in SEC's Internal Controls and Accounting Procedures (GAO-12-424R, Apr 13, 2012). Here is what it found:In our audit of SEC’s…
Securities Law Prof Blog
Foster & Ward on Going Concern Evaluations after SOX
Are Auditors' Going-Concern Evaluations More Useful after SOX?, by Benjamin P. Foster, University of Louisville - College of Business and Public Administration, and Terry J. Ward, Middle Tennessee State University,…
Securities Law Prof Blog
SEC Charges Adviser with Providing Fund Investors with Bogus Audit Report
The SEC recently charged James Michael Murray, a San Francisco-area investment adviser, with defrauding investors by giving them a bogus audit report that embellished the financial performance of the fund in…
Don't Mess With Taxes
Could privatized call centers be in the IRS’ correspondence audit
Could privatized call centers be in the IRS' correspondence audit future? Thursday, March 08, 2012 You've probably been audited and didn't even realize it. When the Internal Revenue Service sends…