Tag

Audit

All articles tagged with #audit

politics20 days ago•3 min saved

Nebraska no-bid bioeconomy deal prompts audit referrals to AG and State Patrol

Nebraska's emergency $2.5 million no-bid bioeconomy contract, approved with input from the Governor's Office, is under scrutiny after State Auditor Foley referred two findings to the AG and State Patrol: a missing emergency justification for bypassing bids, and allegations that state officials attempted to deceive the Auditor’s Office about a deadline. AG Hilgers confirmed receipt of the referrals; Pillen's office defended the timing as allowed by a 2024 budget bill.

via Nebraska Examiner|

#audit #jim-pillen #mike-foley

business26 days ago•4 min saved

SEC Names Fresh PCAOB Leadership to Strengthen Audit Oversight

The Securities and Exchange Commission announced Demetrios (Jim) Logothetis as PCAOB Chairman and named Mark Calabria, Kyle Hauptman, and Steven Laughton to the board, with George Botic remaining as a board member and Acting Chairman until Logothetis is sworn in. Created by the Sarbanes-Oxley Act and overseen by the SEC, the PCAOB oversees audits of public companies and broker-dealers to protect investors and maintain independent, informative audit reports. Logothetis’ term runs through 2030, Calabria through 2027, Hauptman through 2029, and Laughton through 2026.

via SEC.gov|

#audit #business #financial-regulation

politics1 month ago•1 min saved

California's Billionaire Tax Sparks Exodus and Political Tensions

Congressman Khanna criticized California's management, citing a $72 billion figure he couldn't verify, and called for congressional hearings on high-risk programs, prompting a response from Governor Newsom's spokesperson emphasizing the importance of accuracy and fraud prevention.

via Politico|

#audit #california #fraud

business1 month ago•7 min saved

Audit Highlights Urgent Need to Address City Employee Health Fund Insolvency

An audit reveals that New York City's Employee Health Insurance Stabilization Fund is billions of dollars in debt and recommends dissolving it, citing misuse of funds and insolvency, with ongoing disputes between city officials and unions over its management and purpose.

via THE CITY - NYC News|

#audit #business #city

healthcare1 month ago•3 min saved

Medicaid Fraud Crackdowns in Minnesota and Indiana: A Comparative Analysis

Minnesota has implemented additional review measures for 14 high-risk Medicaid programs to combat widespread fraud, involving audits by Optum before payments are processed, which may cause delays but aims to protect benefits for low-income residents. The state is also taking other actions like disenrolling inactive providers and pausing licenses to eradicate fraud, with ongoing investigations and increased oversight.

via MPR News|

#audit #fraud #healthcare

government1 month ago•3 min saved

NC Education Lottery's Funding Share Declines, Audit Reveals

Despite record-breaking sales, the North Carolina Education Lottery has been allocating a smaller share of its revenue to public schools, dropping from 23% in 2023 to just 16% in 2025, due to increased winnings paid out and a shift to higher payout digital games, raising concerns about the impact on education funding.

via WRAL|

#audit #education-funding #government

world3 months ago•0 min saved

Louvre's Security Flaws Highlighted by Audit Amid Art Focus

An audit reveals that the Louvre has allocated excessive funds to acquiring art while neglecting security measures, highlighting concerns over the museum's prioritization of art collection over safety.

via Financial Times|

#art #audit #funding

politics6 months ago•1 min saved

Controversy Mounts Over White House's Plans for Smithsonian Museums

Tim Walz's humorous and viral response to Donald Trump's plans to review and potentially alter the Smithsonian Museum's exhibits in line with his views on American history, criticizing the move as an attempt to erase history.

via HuffPost|

#audit #history #politics

local-government6 months ago•3 min saved

Audit Finds Minneapolis Police Did Not Violate Policies During Federal Raid

An independent audit found that Minneapolis police did not violate policies during a June federal raid on Lake Street, which involved federal agents and was initially misunderstood by the community as immigration enforcement. The report confirmed that police only escorted federal agents out of the area and did not assist with immigration enforcement, adhering to the city's separation ordinance. The audit recommends strengthening this ordinance and improving communication among government branches to prevent future misunderstandings.

via CBS News|

#audit #federal-raid #ice

transportation7 months ago•1 min saved

FAA Facility Move Under Investigation for Newark Flight Delays

The Department of Transportation’s inspector general has launched an audit into the relocation of the FAA’s Newark air traffic control facility, which has been linked to increased flight delays and system outages, raising concerns about the impact of the move on operational resilience and safety.

via CNN|

#air-traffic-control #audit #faa

defense1 year ago•3 min saved

Pentagon Struggles with Financial Audits, Aims for Improvement by 2028

The Pentagon has failed its annual audit for the seventh consecutive year, though it reports incremental improvements in financial management. The audit, which examined $4.1 trillion in assets and $4.3 trillion in liabilities, resulted in nine entities receiving a clean audit opinion, one receiving a qualified opinion, and 15 receiving failing grades. The Department of Defense aims to achieve a clean audit by 2028, but challenges remain, particularly in accounting for material items. The DoD Inspector General has highlighted issues such as inadequate financial controls and outdated systems.

via Breaking Defense|

#audit #defense #department-of-defense

politics1 year ago•8 min saved

"Audit Reveals Potential Violation in Arkansas Governor's $19K Lectern Purchase"

An audit found potential violations of state law in the procurement of a $19,000 lectern in Arkansas Gov. Sarah Huckabee Sanders' office, including shredding of public records and failure to follow purchasing and accounting laws. The governor's office defended its actions, stating that the state was fully reimbursed with private funds and that no taxpayer money was used. The audit also revealed that the lectern had no electronic components despite special features touted, and that the vendors did not cooperate with the probe. The controversy has sparked debate among Arkansas lawmakers about the value of the lectern and the handling of the situation.

via ABC News|

#arkansas #audit #controversy

politics1 year ago•2 min saved

"Arkansas Governor's Office Under Scrutiny for $19,000 Lectern Purchase Violating State Laws"

Arkansas Gov. Sarah Huckabee Sanders' office may have violated state laws with the purchase of a $19,000 lectern, as revealed by a state audit. The purchase, made using a state credit card, was reimbursed by the Republican Party of Arkansas after a blogger's Freedom of Information Act request. The audit identified potential violations including payment before delivery, claiming the item as an operating expense, and altering public records. The audit was unable to determine the reasonableness of the lectern's cost or a $2,500 "consulting fee." The governor's office criticized the audit, while Sanders appeared to make light of the scandal in a video featuring glamour shots of the lectern.

via MSNBC|

#arkansas #audit #lectern-purchase

politics1 year ago•3 min saved

"Arkansas Governor's Office Under Scrutiny for $19,000 Lectern Purchase"

An audit found that Arkansas Governor Sarah Huckabee Sanders's office may have violated state laws in purchasing a $19,000 lectern and mishandling government records related to the purchase. The audit's findings have been forwarded to the prosecutor and attorney general. The governor's office denies any wrongdoing, but lawmakers are questioning the staff. The controversy, dubbed #PodiumGate, began when a blogger's FOIA requests revealed the payment for the lectern. Despite the findings, no staff members have been fired or disciplined.

via The Washington Post|

#arkansas #audit #foia

us-politics1 year ago•1 min saved

"Arkansas Governor's Office Under Fire for $19,000 Lectern Purchase Audit"

A legislative audit in Arkansas found that the purchase of a $19,000 lectern by Gov. Sarah Huckabee Sanders’s office potentially violated state laws, including shredding a document that should have been preserved and mishandling the purchase process. However, the state attorney general stated that state purchasing laws do not apply to the governor or other executive branch officials, potentially making the findings moot. Sanders criticized the report, posting a video mocking the controversy on social media, and her office claimed that no laws were broken. The audit's potential violations will be forwarded to the prosecuting attorney and the attorney general's office.

via The New York Times|

#arkansas #audit #governors-office