"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.

The headlines have been arriving with increasing regularity. AI systems that analyze company results and stock valuations with, their developers claim, accuracy that outperforms human analysts. Models ...

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 ...

Under Secretary of Defense Comptroller Mike McCord speaks during a press conference presenting the 2021 Department of Defense's audit results, (Photo by Staff Sgt. Brittany A. Chase/U.S. Air Force) ...

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 ...

MANILA, Philippines — The Department of Transportation (DOTr) received an unmodified opinion from the Commission on Audit ...

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 Commission on Audit (COA)-7 has issued a “qualified opinion” on the Cebu City Government’s 2025 financial statements, ...

Why every South African should understand what municipal audit opinions really mean.

Mary Connaughton is director of government transparency at Pioneer Institute. Peter Enrich chairs Progressive Democrats of Massachusetts and is a professor emeritus at Northeastern University School ...