"It's ironic, considering that the function of auditors is to determine materiality." The function of the auditors is to determine that the financial statements are not materially misstated.

Blake Oliver asks whether audit opinions matter anymore. He employs the decision by the Second Circuit Court of Appeals upholding the district court's dismissal of the case against BDO USA for its ...

Audit opinions represent the auditor’s formal conclusion on the reliability of a company’s financial statements and, in particular, on its capacity to continue as a going concern. Such opinions serve ...

Ironically, it is often the shortest document produced during the audit, but it may also be the most valuable, because unlike ...

The Government Accountability Office is responsible for yearly financial sweeps of all federal agencies. In July 2023, GAO appeared in front of Congress to attest that the Department of Defense needs ...

If policymakers are serious about protecting Medicaid, they need to look beyond eligibility and enrollment and examine how ...

MURPHYSBORO — Jackson County received a clean audit opinion for fiscal year 2024, but auditors flagged five issues the county needs to address, three of which were repeat issues from last year. Adam ...

The Bureau of Fisheries and Aquatic Resources (BFAR) has secured the Commission on Audit’s Unmodified Audit Opinion, the ...

COA issues an unmodified opinion on the Office of the Vice President's 2025 financial statements ahead of the Senate trial.