Knowing what areas to audit and where to commit resources is an integral part of managing the internal audit function. To identify areas of potential risk, each year the Office of Internal Audit ...

From 2020 to 2023, five cyber charter schools saw a 60% increase to student population. They saw a 90% increase in revenue. Flush with cash, the schools have large reserves--$619 million at the end of ...

Some audits require a high-level overview ... Use simple shapes and arrows to represent the flow of the process. Label each step clearly. Consider using different colors to distinguish between ...

Each audit of a managing entity’s expenditures and claims must compare services that have been administered with the outcomes of each entity’s expenditures, including Medicaid expenditures for ...

All government agencies, federal, state or local are supposed to be audited each year. So how do we end up with surprises from wasteful, if not outright illegal, spending by USAID? Should we ...

krisanapong detraphiphat / Getty Images The good news: The Internal Revenue Service (IRS) reportedly audits less than 1% of individual tax returns each year, according to the Congressional ...

The U.S. Department of Defense (DOD) has received a "disclaimer of opinion" on each full annual audit it has undergone since 2018 — seven in total — which means the condition of the agency's ...

If something doesn't add up or match − whether intentionally or by accident − you run the risk of getting audited, they said. When you're audited, it means your return was selected from a ...

“Subscriptions often go on autopilot, which is convenient but can lead to ‘leakage’ in your finances,” Pavone says. “Regular ...