As Roger Lowenstein says, Ezra Merkin was (is?) "a Wall Street sage, noted philanthropist and professional money manager". And yet for all his protestations that he was risk-conscious and diversified ...

Walz’s move on Oct. 29 comes after fraud schemes in Minnesota public programs have gamed state government out of hundreds of millions of dollars.

Minnesota hires a third-party auditor to review 14 high-risk Medicaid programs after fraud concerns, aiming to stop improper ...

An auditor must make key decisions regarding what controls to trust, what controls to inspect and what weight to place on all the tests associated with auditing the financial practices of a company.

Risk-based audit needs a reset to enterprise risk and value auditing. When I became a chief audit executive (CAE) for the first time in 1990, I determined a risk-based approach was inadequate. A ...

Gov. Tim Walz has ordered a third party audit on the billing practices of 14 Medicaid services that are deemed to be “high ...

CARSON CITY -- A scathing legislative audit released Friday found the state Division of Parole and Probation does not properly monitor released sex offenders and has failed in many cases to secure ...

Premium audits are essential tools for ensuring that insurers are properly compensated for the risks they underwrite. Most ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

Data breaches – always critically important to those with responsibility for storing, transporting and protecting electronic information – have become an all-consuming topic of late. Stories about ...

A state audit has found the Dakota College at Bottineau has not completed monthly bank reconciliations correctly and in timely fashion. The amount of unsupported reconciling items found in the audit ...