August 19, 2020 - Internal Audit 360

Texas Public School System Scrutinized For Questionable Spending

On August 19, 2020 By IA360 Staff

A state lawmaker in Texas wants to conduct a comprehensive audit of IDEA public schools, a Weslaco-based charter school system, after news broke about questionable spending practices. Spending decisions that have recently come to light include a $900,000 severance package for former CEO Tom Torkelson, as well as other extravagant Read More

Audit Reveals Weak Accounting Practices at Detroit Land Bank Authority

On August 19, 2020 By IA360 Staff

An audit of Detroit’s Land Bank Authority uncovered troubling accounting practices and weak internal controls. An examination of four years’ worth of financial statements, several bank accounts, and general ledgers from 2014 to 2019 found lack of reporting and irregular transactions. The land bank had strengthened financial reporting in 2015 Read More

Day: August 19, 2020

Texas Public School System Scrutinized For Questionable Spending

Audit Reveals Weak Accounting Practices at Detroit Land Bank Authority

Report: Changing Risks Will Require Shift in Internal Audit Hiring

FTC Moves to Ban All Noncompete Agreements

IIA Adds Cameroon to Its Global Federation of Nations

CAEs Diverting Internal Audit Resources to AI-Related Risks

SEC Releases Scaled-Back Final Rules on Climate Disclosures

The IIA Provides Resources to Aid in Adoption of New Standards