The first audit of the Oklahoma Turnpike Authority in over 70 years highlights the need for improved internal controls and transparency in contracting processes.

Intelligent Audit earns top industry recognition for DeepDetectAI’s role in advancing accuracy, fraud detection, and ...

Contractors face a higher risk of IRS scrutiny. Organizing records, analyzing discrepancies, and professional representation are key to a favorable outcome.

The Joint Legislative Audit and Evaluation Committee voted Monday to back a package of bills aimed at forcing state agencies ...

Sausalito City Hall made $1.37 million in unauthorized expenditures last fiscal year, an auditor has found. The spending, ...

Nearly $300 million was spent on city consultant services across nearly every department over less than three years. Austin Energy, the economic development department, and the communications and ...

Small, privately held businesses that warehouse inventory in an onsite or offsite location typically conduct an annual internal inventory audit. While procedures for counting and valuing inventories ...

Inventory is a large part of the auditing process for companies with physical goods. Inventory is a substantial portion of total assets for many companies. In addition, there are many complex ...

Editor’s note: The coronavirus pandemic has made inventory testing a huge challenge for auditors, particularly for client entities with a March 31 fiscal year end. Audit firms are requiring staff to ...