WASHINGTON — The Pentagon once again was unable to provide auditors with all the needed financial documentation to account for the massive amounts of money that flows through its coffers every year.

In its June 23, 2025, memorandum (M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve "), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural ...

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA and Thought Leader in the Financial Field. As a business owner, conducting year-end financial audits is more than a ...

Undersecretary of the Ministry of Commerce and Industry Marwa Al-Jaidan said the internal audit profession is the foundation ...

Auditing the Defense Department full financial statement is required by law. Rather than focusing exclusively on doing whatever is necessary—including fast, temporary fixes—to get a passing grade from ...

For its third consecutive year, the U.S. Marine Corps keeps its record as the first and only service to cleanly pass a ...

Texas Southern University has "significant" financial weaknesses, the result of whole departments bypassing established purchase guardrails and the university failing to enforce established contract ...

Discrepancies in financial records. Inaccurate reporting of financial activities. Missing documentation to justify expenditures. An audit initially prompted by two Canyon Crest Academy seniors who ...