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.
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 >>
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.
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!
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.
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.
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.
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.
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.
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!
True happiness consists not in the multitude of friends, but in the worth and choice.
Ben Jonson, playwright and poet
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
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