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Audit News

Critics' ire turns on auditor EY after Wirecard collapse

Frankfurt Am Main - Global audit giant EY is facing growing questions and threats of legal action over its role in the bankruptcy of German payments processor Wirecard after signing off on the accounts for years.

Canadian government gets failing grade in salmon farming audit

Ottawa - A new audit from Canada's federal environment commissioner found that Fisheries and Oceans Canada has not been managing the nation's fish farms very well, and has failed to enforce rules and manage the risk of infectious diseases.

Facebook launches audit of data leaked to Trump consultant

San Francisco - Facebook announced Monday it has hired a digital forensics firm to investigate the handling of data on millions of Americans leaked to a consulting firm working on Donald Trump's 2016 presidential campaign.

EU spending commitments at record high of 238bn euros: watchdog

Brussels - The EU's auditor on Thursday hailed progress in the bloc's wasteful spending, which fell to 4.2 billion euros in 2016, but warned that future spending commitments had hit an all-time high of nearly 240 billion euros.

19 NYPD officers allegedly downgraded crimes in Bronx precinct

Bronx - Nineteen NYPD officers in the Bronx 40th precinct face possible departmental charges because city investigators have uncovered dozens of cases where crimes were allegedly misreported, authorities say.

Afghan presidential candidate Abdullah to rejoin election audit

Kabul - Afghan presidential candidate Abdullah Abdullah has agreed to rejoin an audit of the votes, UN officials said Sunday, after tense negotiations to keep the election on track amid a prolonged dispute over alleged fraud.

All votes in disputed Afghan run-off poll to be audited: Kerry

Kabul - Afghanistan's feuding presidential rivals agreed Saturday to a full audit of every vote cast in the disputed runoff election, US Secretary of State John Kerry said following two days of frantic negotiations.

Tea Party mobilizes in wake of 'appalling' IRS political targets

After the Internal Revenue Service admitted to openly targeting specific political groups to audit during the 2012 presidential election, the Tea Party has mobilized to push for a full inquiry.

IRS admits to targeting Conservative groups, GOP to investigate

With the White House blaming the matter on former president George Bush, the Internal Revenue Service openly admitted to targeting politically conservative organizations and apologized for doing so.

Op-Ed: China pulling its companies out of U.S. stock market

Beijing - Several Chinese companies are withdrawing from the U.S. stock market with loans financed by China Development Bank (CDB).

Ron Paul chairs congressional investigation on US gold reserves

In a congressional hearing chaired by Republican presidential candidate Ron Paul on Thursday, a remarkable investigation on the transparency of the US Treasury's gold reserves was pursued.

City of Buffalo insured 152 dead employees

Buffalo - An audit by the city of Buffalo, New York found that they had paid $2 million to give health insurance to 152 employees. That would be good news if those employees hadn't already died.

Op-Ed: A Call To Audit The Pentagon

Many people on the right wing of American politics have joined Texas Representative’s Ron Paul’s call for an audit of the Federal Reserve in order to stop wasteful spending.

Geithner: Auditing Fed is a 'line that we don’t want to cross'

United States Treasury Secretary Timothy Geithner recently sat down with The Wall Street Journal to discuss the Federal Reserve, Ron Paul's audit the fed bill and the bailout money.

Federal Employees Spend, Spend, Spend When It Comes To Governmental Debit Cards

Citizens of the United States paid for Internet dating services, iPods, expensive clothing and lingerie they will never enjoy. The reason? They went to federal employees who charged millions to government debit cards.

What was Canada Revenue doing while the electronic systems were down last month?

I am pleased to report that workers were not idle. There was no monkeying around like at the DJ headquarters.

Canada Revenue Agency lax in policing child benefit fraud

A new report says the Canada Revenue Agency must do more to ensure monthly cheques sent to needy families are not for the support of "phantom" children.

Why Canadian tax auditors don't pick on large corporations

A recent report claims auditors take a kid glove approach to ordering "legislated enforcement" on Canada's largest corporations because "they don't want to damage relations."

Questions and Call for Audit on Aid Money sent to Afghanistan from Canada

5 years later Canadians still don't know how their money is being spent in Afghanistan and the Government is unlikely to be able to tell you.

Federal Government agencies audit results are in

There may be big problems with American Government spending, but many agencies receive a clean audit.

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