Wis. state fair agency uses questionable contracting methods, audit says | Mo. auditor: Governor's administration delayed audit | Hawaii auditor unable to determine purpose of Energy Office
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January 16, 2018
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Wis. state fair agency uses questionable contracting methods, audit says
The Wisconsin Legislative Audit Bureau has completed an audit of the Wisconsin State Fair Park, concluding that the organization regularly makes purchases valued at over $50,000 without the authority to do so. Auditors also noted that the State Fair Park could not provide investigators with a comprehensive list of contracts.
Milwaukee Journal Sentinel (tiered subscription model) (1/5) 
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Mo. auditor: Governor's administration delayed audit
Mo. auditor: Governor's administration delayed audit
Greitens (Michael Thomas/Getty Images)
Missouri Auditor Nicole Galloway said that Gov. Eric Greitens' administration delayed an audit of the state's income tax refund processing. Galloway determined that the state's delayed tax return payments are the result of the state not having enough general revenue on hand to cover them.
St. Louis Post-Dispatch (1/8) 
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Risk Management
Hawaii auditor unable to determine purpose of Energy Office
The Hawaii state auditor said recently that the purpose and efficacy of the state Energy Office is unclear after an audit. "The Energy Office could not clearly articulate to us, neither through documented evidence nor verbally, how it has directly or indirectly contributed to the achievement of the state's clean energy goals," state Auditor Les Kondo said.
KHNL-TV/KGMB-TV (Honolulu) (1/4) 
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ACGA Knowledge Brief: Knowledge Management
Knowledge management requires time, energy, and commitment, and is crucial to onboarding internal auditors. Learn how to effectively facilitate, communicate, and manage knowledge within the internal audit activity, adding value to the organization. Read more.
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Regulation & Compliance
Supreme Court to hear case on SEC in-house judges
Supreme Court to hear case on SEC in-house judges
(Chip Somodevilla/Getty Images)
The Supreme Court will consider a case challenging the constitutionality of the Securities and Exchange Commission's administrative law judges. The Trump administration, which says it will not defend the way the judges are appointed, has requested the review.
Bloomberg (free registration) (1/12) 
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DOD audit price tag: $918 million
The Defense Department audit will cost $367 million in 2018, including $181 million in fees to accounting firms. The department plans to spend another $551 million to address findings by auditors.
Defense News (1/10) 
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Fraud & Ethics
Wis. Ethics Commission finalizing lobbying audit
The Wisconsin Ethics Commission is conducting an audit of lobbying organizations to determine whether lobbyists have broken public disclosure requirements. The audit began after commission staffers reportedly noticed that lobbyists were not registering or obtaining lobbying licenses as required.
Wisconsin State Journal (Madison) (1/5) 
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W.Va. plans audit of state Supreme Court
The West Virginia legislative auditor has informed the state Supreme Court of a planned audit this year. Recent news reports have accused state justices of exorbitant spending on office renovations.
Charleston Gazette-Mail (W.Va.) (tiered subscription model) (1/7) 
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Technology
IRS closer to obtaining virtual currency records
A federal district court recently permitted the Internal Revenue Service to enforce a John Doe summons aimed at identifying Coinbase's customers' virtual currency transactions.
Tax Insider (1/11) 
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New IA-CM Includes Online Assessment Tool.
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Two public sector auditors highlight areas in which membership in ACGA helps them provide value to their stakeholders and constituents. Watch now.
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