Category: audit

SEC Finalizes Rules Allowing It to Delist Foreign Firms From US Exchanges If They Fail to Meet Audit Requirements

The U.S. Securities and Exchange Commission (SEC) on Thursday finalized rules relating to the Holding Foreign Companies Accountable Act (HFCAA) which would allow it to delist foreign firms from American exchanges if they fail to observe U.S. accounting rules and comply with requests for information from regulators. The bipartisan legislation was signed into law by former President Donald Trump on Dec. 18, 2020,…


Controller Audits LA’s ‘Broken’ Program for Repairing Sidewalks

LOS ANGELES—Calling Los Angeles’ program for repairing sidewalks broken like the sidewalks themselves, Controller Ron Galperin called for a comprehensive assessment of the city’s 9,000 miles of sidewalks and a program that prioritizes fixing the damaged sections instead of replacing large swaths of them on Nov. 17. “Tens of thousands of sidewalks throughout Los Angeles…


FAA Lacks Effective Oversight of American Airlines Maintenance Issues: Audit

WASHINGTON—The Federal Aviation Administration (FAA) lacks effective oversight controls to ensure that American Airlines’ corrective actions for maintenance issues address root causes, a government watchdog report said on Friday. The Transportation Department Inspector General’s office said in 171 of 185 of cases sampled, FAA inspectors accepted root cause analyses by American Airlines “that did not…


Texas Launches Audit of 2020 Election Results

An audit of 2020 election results has been launched in the state of Texas. The Texas Secretary of State’s office is carrying out the forensic audit in four large counties, including Dallas and Harris counties. The office announced the audit last week but declined to provide more details until Tuesday. The office now says phase…


Texas Conducting Audit of 2020 Election Results

The Texas Secretary of State’s office is carrying out a forensic audit of 2020 election results in four large counties, including Dallas and Harris counties. The office announced the audit last week but declined to provide more details until Sept. 28. Phase one of the review is already underway, the office says. This phase involves…


Facts Matter (Sept. 27): Interview with AZ Senate President; Final Audit Report Analysis

The large-scale audit of the 2020 election in Maricopa County has been underway for the past five months now. It started all the way back at the end of April. As a part of that audit, the Arizona state Senate has been conducting a hand recount of 2.1 million ballots, looking for any possible I.T….


Facts Matter (Sept. 27): Seven Issues Raised in the Election Audit Report; Interview with AZ Senate President

The large-scale audit of the 2020 election in Maricopa County has been underway for the past five months now. It started all the way back at the end of April. As a part of that audit, the Arizona state Senate has been conducting a hand recount of 2.1 million ballots, looking for any possible I.T….


Audit Confirms Biden’s Victory Over Trump in Maricopa County: Senate President

A report from auditors who reviewed Arizona’s most populous county’s 2020 election results confirmed that President Joe Biden defeated President Donald Trump but said there were numerous errors, adding that local election officials refused to comply with their investigation. Cyber Ninjas, a Florida-based company, carried out the review of Maricopa County, Arizona, earlier this year at…


Arizona Senate President Releases Audit Results, Says Maricopa County Wouldn’t Comply

Update: This article will be updated as the hearing progresses. A report from auditors who reviewed Arizona’s most populous county’s 2020 election results confirmed that President Joe Biden defeated President Donald Trump but said there were numerous errors, adding that local election officials refused to comply with their investigation. Cyber Ninjas, a Florida-based company, carried out…


Pennsylvania Auditor General: COVID-19 Businesses Closure Process Was Flawed

A performance audit released this week confirmed what Pennsylvania business owners already suspected; the process used to determine businesses closures during COVID-19 mitigation efforts was flawed and administered unevenly. Pennsylvania’s Auditor General Timothy DeFoor’s audit provides a window into the thought process of Governor Tom Wolf’s administration as it shuttered thousands of businesses. “This audit…