Goto

Collaborating Authors

Audit: Baltimore Unable to Account for How Grants Spent

U.S. News

The Baltimore Sun reports the city has struggled with tracking grant money for years, and that officials have pledged to fix the problem each time a new examination shows the problem persists. City Council President Bernard C. "Jack" Young says the grant management problems should have been fixed by now.


KPMG's audit work unacceptable, says watchdog

BBC News

The auditing work of one of the world's "Big Four" accounting firms has been sharply criticised by the industry's watchdog. KPMG audits had shown an "unacceptable deterioration" and will be subject to closer supervision, the Financial Reporting Council said. The FRC added all the Big Four - which also include PwC, EY and Deloitte - needed to reverse a decline. KPMG said it was "disappointed" and was taking steps to improve audit quality. Every year the watchdog reviews the audits of Britain's biggest companies to ensure they meet certain standards.


Odisha to use artificial intelligence in organisation audit in big way

#artificialintelligence

BHUBANESWAR: In its bid to ensure greater fiscal accountability, effective resources management and increased productivity, the state government is set to go for integration of artificial intelligence (AI) in the financial auditing mechanism for its organisations in a big way. The Directorate of Local Fund Audit (DLFA) has started work on an AI project that is aimed at reshaping organisational accountability and bringing about greater trust on Government institutions. It is already seeking advisory services from experts for the successful implementation of the technology infusion in local fund audit automation. The Government has appointed Professor (Information Systems) of XIMB Sanjay Mohapatra as Advisor to the AI implementation committee of DLFA. He will assist LFA to develop a comprehensive strategy to analyze processes and develop implementation plans for AI-enabled automation and advise on available options and capabilities along with skilling of officials As per the project, the audit of organisations will be conducted using various components of AI like machine learning, deep learning, natural language processing and computer vision.


Website Audit Analysis: 6 Steps to Effectively Audit Your Website to Boost Traffic

#artificialintelligence

A site audit will help you to find broken pages, crawlability issues, and other common issues associated with website visibility on the web. As the saying goes, "you can't improve what you don't know." See a website audit as your report card for your site's performance. It doesn't matter how clean and well-designed your website is -- if there are issues with your pages all your marketing efforts would be futile. A site audit is basically the process of evaluating every aspect of the website to determine how it's optimized to drive organic traffic, and if not, develop a plan to optimize it for search visibility.


State audit: California's energy regulator open to improper influence from utilities, contractors

Los Angeles Times

California's energy regulator doesn't guard against the appearance of improper influence from utilities when making decisions, fails to fully disclose important communications and skirts state rules when handing out contracts, according to a new state audit released Thursday. The audit of the California Public Utilities Commission reveals at greater depth the agency's problems in recent years as its faced significant criticism over its handling of the 2010 natural gas pipeline explosion in San Bruno, negotiations surrounding the 2013 shutdown of San Onofre nuclear power plant and last year's Aliso Canyon gas leak. Auditors found two dozen cases in which CPUC didn't follow state rules before awarding contracts without competitive bids, 2.4 million in unexplained contract spending and no evidence that the agency monitored performance in nearly a third of the 60 contracts it reviewed. "The shortcomings we noted in CPUC contracting practices resulted from a lax control environment that the CPUC has allowed to persist," the audit said. "This lax environment is characterized by outdated guidance to staff, the absence of supervisory review, and a lack of training for key staff members."