Banks, credit unions and financial institutions must undergo a strenuous review of procedures and practices, just as public companies must submit to official audits. As part of this process, banks ...

The bank channelled funds through affiliates and mass employee investors to pass off private funds as public, China’s top ...

The word "audit" has a different meaning depending on whether you're an individual or a bank. But a perceived audit failure can have equally damaging consequences. "We found that depositors—people who ...

Click here to view this article as an Adobe Acrobat PDF. The World Bank has changed the name of its Operations Evaluation Department, but it doesn’t mean to change its ways. The new sign on the door ...

The Public Company Accounting Oversight Board staff released a report Monday on how during 2022 and 2023, several firms' engagement teams working on audits in the banking sector did not adequately ...

Audit partners’ professional skepticism varies from high to low as the relationship between the partner and the audit client continues year after year, according to a study available at ssrn.com.

The Securities and Exchange Commission has charged two auditors at KPMG for playing a role in a failed audit of a Nebraska bank that hid millions of dollars in loan losses from investors during the ...

China’s top auditor has reprimanded four major commercial banks for mismanaging technology-focused lending programs, highlighting a persistent disconnect between Beijing’s push to fund strategic ...

The African Development Bank Group's Internal Audit Function has been awarded the Global Quality Certification by the Institute of Internal Auditors (IIA), following the successful completion of an ...

Audit was demanded by donors after financial collapse Says c.bank 'disguised' losses from financial engineering Finds evidence of 'illegitimate commissions' Salameh 'monopolized' decisions, ...

Many folk tales of ancient Korea tell about Amhaeng-eosa, a secret royal inspector, the avenger for the people exploited by corrupt officials. Appointed by the king he was sent to local provinces to ...