US watchdog finds audit problems
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The watchdog set up to keep auditors in line after scandals at firms such as Enron finds "significant issues" in its first inspection.
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An Internal Revenue Service system designed to protect the agency's modernized systems from hacking isn't working properly, according to a report by the Treasury inspector general for tax administration.
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The FBI, which has had trouble keeping track of its guns and laptops, also has a chronic problem paying its phone bills on time, according to audit results released yesterday.
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A European Union panel said that a banking consortium breached rules when it gave the Bush administration access to millions of records.
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In his annual report, Albertaâs Auditor-General discovered major problems with monitoring the use of health-care insurance cards.
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Initial reviews of the nation's largest accounting firms have turned up numerous rule violations and shoddy recordkeeping practices, as regulators embarked on a new effort to regularly examine auditors' work.
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An internal FBI audit has found the  agency violated rules more than 1,000 times while collecting  data on domestic phone calls, e-mails and financial  transactions in recent years, The Washington Post reported on  Thursday.
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Initial reviews of the nation&#39;s largest accounting firms have turned up numerous rule violations and shoddy recordkeeping practices, as regulators embarked on a new effort to regularly examine auditors&#39; work.
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WASHINGTON -- The first inspections of the Big Four accounting firms by the board overseeing the industry turned up significant problems in their audits of companies&#39; books and quality control, but the findings don&#39;t constitute a &quot;broad negative assessment
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BERKELEY, Calif. A bad performance audit could lead one of the Bay Area&#39;s premier hospitals to lose its accreditation in three years, if the problems uncovered aren&#39;t fixed.
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Army Reserve payroll procedures for activated soldiers are so convoluted that mistakes occurred in 95 percent of the cases examined by congressional auditors, the Government Accountability Office said Monday.
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A government review into the nation's top mortgage lender asserted that it used inappropriate accounting practices.
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The U.S.-led authority that governed  Iraq after the 2003 invasion did not properly safeguard $8.8  billion of Iraq's own money and this lack of oversight opened  up these funds to corruption, said a U.S. audit released on  Sunday.
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WASHINGTON -- The first inspections of the Big Four accounting firms by the board overseeing the industry turned up significant problems in their audits of companies' books and quality control, but the findings don't constitute a &quot;broad negative assessment,&quot; an official said yesterday. .
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A European Union panel has doubts about the legality of a Bush administration program that monitors international financial transactions, the groupÂs leader said.
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WASHINGTON - Army Reserve payroll procedures are so convoluted that mistakes occurred in 95 percent of the cases examined by congressional auditors, the Government Accountability Office said yesterday.
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An oversight body concluded that a banking-data consortium broke the law when it gave U.S. agencies access to private financial transactions.