The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

The Emporia City Commission approved the 2024 financial audit during its Wednesday morning session. Hood and Associates, CPAs ...

The AICPA board issued an exposure draft of a Statement on Auditing Standard (SAS), The Auditor’s Responsibilities Relating ...

Federal financial management experts say OMB’s update to how agencies and auditors complete federal financial statements has been a long-time goal.

Tardy annual financial audits could strip Texas cities of their ability to raise property tax rates under a state law that ...

Shell is filing amended US regulatory documents after EY informed the oil giant that its lead audit partner violated SEC and ...

A state audit of Ithaca’s finances found no major financial problems but flagged operational issues in the city controller’s ...

OMB’s memorandum is a major step forward. It recognizes that modern financial reporting must serve the public interest, not ...

State officials confirmed the financial information is enough for DPI to run its calculations. But the data from MPS, unlike data submitted by other school districts, is unaudited. The district is ...

A second state-ordered audit of Milwaukee Public Schools focuses on how the district teaches its students. It found glaring ...

Chicago ended 2024 with no unassigned fund balance after CPS skipped a key pension payment, leaving Mayor Johnson with less ...