DOT to audit Calif. high-speed rail project | Audit finds "unsatisfactory, unsafe" NYC playgrounds | Mo. auditor: St. Louis finances undergoing comprehensive review
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April 17, 2018
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DOT to audit Calif. high-speed rail project
DOT to audit Calif. high-speed rail project
(Alain Julien/AFP/Getty Images)
The US Department of Transportation has announced that it will audit almost $3.5 billion in federal grants to California's high-speed rail project. The Federal Railroad Administration oversees management of the grant money.
San Jose Mercury News (Calif.)/The Associated Press (4/14) 
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Audit finds "unsatisfactory, unsafe" NYC playgrounds
Seventy percent of playgrounds at 238 New York City Housing Authority developments are unsatisfactory or dangerous, a city comptroller's office audit has found.
The New York Times (tiered subscription model) (4/4) 
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How to improve your working papers process
In many government audit departments, work papers are fundamental to the audit process. However, standards for what exactly must be included or how they are prepared are often loosely defined, resulting in inconsistent practices. This whitepaper focuses on three practical steps to establish best practices for managing work papers. Get access now >>
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Risk Management
Mo. auditor: St. Louis finances undergoing comprehensive review
Missouri State Auditor Nicole Galloway writes that St. Louis has initiated a financial audit that will cost between $1.25 million and $1.75 million. The city's last such audit was in 2010.
The St. Louis American (4/3) 
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IRS audit rate for "corporate giants" declines
The Internal Revenue Service audited 54% of companies with more than $20 billion in assets last year, down from 96% in 2010, according to a report from Syracuse University. A tight budget at the IRS and an increase in so-called corporate giants might be among reasons.
Newsweek (4/10) 
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ACGA Symposium
A dynamic four-part program designed for the public sector auditor, attendees will learn how to address cyber threats, build trust between oversight and management, ways technology can overcome fiscal constraints, and new techniques to organize evidence and improve audit findings. Jul. 24. Earn 4 CPE credits. Register early!
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Regulation & Compliance
IRS works to implement new tax law
Acting Internal Revenue Service Commissioner David Kautter updated Congress on the agency's handling of this year's tax season and its preparations for the new tax law. As of April 6, about 79 million refunds had been issued, he said.
ABC News/The Associated Press (4/12) 
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Supreme Court to hear arguments on online sales taxes
Supreme Court to hear arguments on online sales taxes
(Pixabay)
This week, the Supreme Court will hear a case that could overturn a 1992 decision that prevents a state from forcing retailers to collect sales taxes on purchases if they do not have a "physical presence" in that state. South Dakota is appealing a lower court decision that favored online retailers.
Reuters (4/16) 
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Insights to Quality: Successful Internal Audit Practices.
The IIA's quality assessment teams report evidence of successful internal audit practices with the help of The IIA's core principles. These emerging trends demonstrate alignment with organizational activities, objectives, risks, and provide valuable context for reported observations. Download Insights to Quality now.
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Fraud & Ethics
Okla. audit alleges unethical bidding practices in Superfund cleanup
Contractors that won bids to help demolish and remove buildings at a Superfund site in Oklahoma may have rigged the bidding process, per a state audit, which the state kept private for five years. No prosecutions resulted from the audit, and some of its findings are contradicted in later audits by the state and the US Environmental Protection Agency.
Tulsa World (Okla.) (4/10) 
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New! OnDemand Ethics Course
IIA-certified individuals are required to earn two of their CPE/CPD credits in Ethics. The IIA continues to develop more courseware to support this requirement. In addition to Ethics for Internal Auditors OnDemand course, The IIA just released Code of Ethics Conformance. Take advantage of these training opportunities today to maintain your certification.
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Technology
Government officials participate in cybersecurity war games
More than 1,000 cybersecurity professionals participated last week in "Cyber Storm VI," a war gaming event. Players from federal, state and local agencies gathered to simulate the discovery and response to large-scale cyberattacks.
National Public Radio (4/12) 
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ACGA eWorkshop - Purchasing Card Audits: Best Strategies for Internal Audit
Organizations benefit from Purchasing Card (P Card) usage, but card fraud is a real risk. For optimal P-Card program success, effective and efficient controls that do not hamper card usage are critical. May 7-9. Learn more and earn 4 CPE credits. Register now!
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ACGA News
Knowledge brief: Critical thinking
Conforming to the International Standards for the Professional Practice of Internal Auditing requires the application of professional judgment, which, in turn, requires good critical thinking. Learn how to develop critical thinking skills to make better internal audit decisions. Read more.
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Your ACGA benefits are waiting
Did you know that if you are already an IIA Individual Government Member or a Government Audit Program (GAP) Group Member, you automatically have access to the additional benefits offered by the ACGA? Take advantage of your benefits today!
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True happiness consists not in the multitude of friends, but in the worth and choice.
Ben Jonson,
playwright and poet
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About the American Center for Government Auditing
ACGA is an IIA Specialty Center for audit professionals in the government sector. ACGA advances professional audit practices in government through thought leadership, education and training events, advocacy, and guidance. If you are a government member of the IIA, ACGA is available to you with your membership. If not please consider joining today. Learn more about the ACGA.
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