Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

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 ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

The Pentagon failed its eighth consecutive financial audit and says it is still working toward a clean opinion by 2028, keeping pressure on defense accountability and oversight.

The U.S. Marine Corps passed a full financial audit by the Department of Defense, the military branch announced. The successful audit comes as the government’s finances face significant scrutiny from ...

U.S. Marine Corps Sgt. Glenn Delavega, an ammunition technician, inspects and verifies ammo for an urban training exercise at Marine Corps Air Ground Combat Center Twentynine Palms on June 4, 2022.

Average audit fees continued to grow in recent years, increasing nearly 4% from 2019 to 2020 from $2.43 million to $2.52 million, according to a new survey. Processing Content The survey, from the ...