"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.

After years of failed attempts, the Defense Department is refining its strategy for achieving and sustaining a clean ...

The Financial Education & Research Foundation (FERF), the independent nonprofit research affiliate of Financial Executives ...

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 ...

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 ...

NASA has received an unmodified audit opinion on its Fiscal Year 2015 (FY 2015) financial statements, marking the fifth consecutive year of “clean” opinions. The agency has released its FY 2015 Agency ...

Impact BioMedical Inc. (NYSE American: IBO) announced that its annual report (10-K) for the fiscal year ending December 31, 2025, filed on March 11, 2026, includes an audit opinion from Grassi & Co., ...