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COA auditor testifies on aliases in impeachment court
Worldinquirer20d ago

COA auditor testifies on aliases in impeachment court

A state auditor told the Senate impeachment court that the use of codenames or aliases in acknowledgment receipts was neither allowed nor prohibited. A former COA-ICFAO auditor further stated that COA audits of confidential funds cannot confirm OVP fund aliases.

Ministry of Health Owes 35 Million Euros to Health Fund
Politicsmeta-mk26d ago

Ministry of Health Owes 35 Million Euros to Health Fund

An audit has revealed that the Ministry of Health owes 35 million euros to the Health Fund, with auditors emphasizing that untimely payment of contributions affects the Fund's liquidity and hinders timely servicing of health institutions' obligations.

Auditors Find Irregularities in Serbian Ministry Financial Reports
Politicsn1-serbiadanas1mo ago2 sources

Auditors Find Irregularities in Serbian Ministry Financial Reports

The State Audit Institution (DRI) identified irregularities in the financial statements of both the Serbian Ministry of Interior (MUP) and the Ministry of Defense. Issues included past work compensation for full beneficiary service in the MUP and revenue recorded without written contracts in the Ministry of Defense.

Italy Supports Training for Ecuadorian Legal Officials
WorldANSA1mo ago

Italy Supports Training for Ecuadorian Legal Officials

The Italian Ambassador to Ecuador, Giovanni Davoli, attended the signing of an agreement between Ecuador’s Contraloría General and the Itajus legal diplomacy program, aimed at supporting the training of Ecuadorian legal officials.

Berenberg Bank Faces Dispute Over Proprietary Trading
Businessfaz2mo ago

Berenberg Bank Faces Dispute Over Proprietary Trading

Berenberg Bank's management is in a dispute with auditors over proprietary trading practices, with questions raised about whether the bank's leadership sought to 'beautify' annual results, though Bafin has not restricted operations.

Strait of Messina Bridge Project Faces Setbacks and Scrutiny
Politicsla-repubblicail-sole-24-ore2mo ago2 sources

Strait of Messina Bridge Project Faces Setbacks and Scrutiny

The project for the Strait of Messina Bridge is facing significant setbacks, including a rejection by the Court of Auditors and ongoing investigations. The ambitious infrastructure plan has been plagued by transparency issues and false starts.

Auditors Uncover Irregularities at Public Health Institute
Politicsmeta-mkmkd-mk2mo ago2 sources

Auditors Uncover Irregularities at Public Health Institute

Auditors have identified weaknesses in the operations of the Institute of Public Health, including vaccines in the system but not in records, and rent paid in cash instead of by invoice. The State Audit Office uncovered these issues in the Institute's work.

Montenegro's Finance Minister Reports Stable Public Finances
Businesscdm-me2mo ago

Montenegro's Finance Minister Reports Stable Public Finances

Montenegro's Finance Minister Novica Vuković announced that the country's public finances are stable, the grey economy has been reduced, and increased economic activity is being observed. These statements were made during the XI International Symposium of Accountants and Auditors.

Parliament Probes Stellenbosch University Over Systemic Issues
Worldmail-guardian3mo ago

Parliament Probes Stellenbosch University Over Systemic Issues

Parliament has launched an investigation into Stellenbosch University following warnings from students, auditors, and internal oversight bodies regarding chronic debt, unsafe housing, National Student Financial Aid Scheme failures, and slow transformation.

EU Auditors Raise Alarm Over Untraceable COVID Recovery Funds
Businessle-mondeFox Newsnos+11DWrzeczpospolitadie-presseel-mundodigi24n1-serbiahotnewsdanas+3 more3mo ago14 sources

EU Auditors Raise Alarm Over Untraceable COVID Recovery Funds

The European Court of Auditors has sounded an alarm regarding the lack of transparency and oversight for billions of euros allocated from the EU's COVID-19 recovery funds. Auditors expressed concerns that reliable supervision of these funds is not guaranteed, with some funds potentially untraceable.

Auditing Profession Faces Transitional Period
Environmentrzeczpospolita4mo ago

Auditing Profession Faces Transitional Period

The auditing profession is undergoing a transitional period, with new educational paths and ESG development attracting interest in analytical work, while a generational gap remains a challenge, according to Kamil Jesionowski, president of the National Council of Statutory Auditors.

Auditor Testifies on VP Duterte's Confidential Funds Spending
Worldinquirer13d ago

Auditor Testifies on VP Duterte's Confidential Funds Spending

A COA auditor testified in court regarding the alleged misuse of Vice President Sara Duterte's confidential funds, detailing questionable expenditures and inadequate documentation for security claims. The auditor also stated that a fraud probe remains an option for the confidential funds.

North Macedonian Auditors Uncover Misuse of Social Welfare Funds
Politicsmeta-mk2mo ago

North Macedonian Auditors Uncover Misuse of Social Welfare Funds

Auditors in North Macedonia discovered that 235 individuals were unduly paid 14.5 million denars in financial aid, including 11 beneficiaries who received social security without meeting the required age criteria, resulting in 3.2 million denars in unjustified payments.

Tax Evasion Crackdown on Athens Riviera Businesses
Politicsiefimerida2mo ago

Tax Evasion Crackdown on Athens Riviera Businesses

Tax auditors from AADE conducted extensive and targeted inspections on catering businesses along the Athenian Riviera, identifying 110 violations. The checks focused on areas with high traffic and a concentration of such establishments.

EU Unlocks Billions in Funds for Hungary Amid Reforms
PoliticsAPbloombergNYT+66FTAl Jazeeradr-dknzzyle-uutisetcnbchelsingin-sanomatnos+58 more2mo ago69 sources

EU Unlocks Billions in Funds for Hungary Amid Reforms

The European Union is set to release billions in frozen funds for Hungary, with reports indicating a deal has been reached. This decision comes as Hungary's new Prime Minister, Péter Magyar, continues to press for reforms.

Tempi Train Crash Trial Focuses on Death of Accused Auditor
Politicsnewsbeast4mo ago

Tempi Train Crash Trial Focuses on Death of Accused Auditor

The trial related to the Tempi train crash and the railway network modernization contract 717 is now centered on the death of one of the two accused auditors from the National Transparency Authority, with the prosecutor suggesting a suspension to present the death certificate.

Spain's Renfe Train Scandal: 31 Trains Too Large for Tunnels
Politicsel-mundo3d ago

Spain's Renfe Train Scandal: 31 Trains Too Large for Tunnels

A scandal involving 31 trains designed with incompatible dimensions for tunnels in Cantabria and Asturias has been revealed by the Court of Auditors, citing coordination failures and 'lack of diligence' by Renfe, with costs exceeding 200 million euros.

Philippine VP Duterte Faces Scrutiny Over Confidential Funds
WorldRapplerinquirer15d ago2 sources

Philippine VP Duterte Faces Scrutiny Over Confidential Funds

Philippine Vice President Sara Duterte is under intense scrutiny regarding her confidential funds, with the prosecution in a Senate trial calling out her integrity and promising to reveal more dubious names involved. State auditors and VP disbursing officers are expected to testify as the investigation continues.

Marcos Approves Release of VP Duterte's Tax Records for Impeachment Trial
Politicsbloombergvgradio-sweden+3Rapplerinquirerphilstar25d ago6 sources

Marcos Approves Release of VP Duterte's Tax Records for Impeachment Trial

President Marcos has approved the release of Vice President Sara Duterte's tax records for her impeachment trial, with the Palace asserting the move is lawful and not politically motivated. The defense has remained silent on the development, while the prosecution clarifies the approval is not a blessing for the impeachment.

French Court of Auditors Criticizes Air Traffic Controllers' HR Management
Politicsle-figaro1mo ago

French Court of Auditors Criticizes Air Traffic Controllers' HR Management

The French Court of Auditors has severely criticized the human resources management of French air traffic controllers, citing issues such as inflated payroll, insufficient working hours, an unsuitable status for their mission, and a failure to anticipate recruitment needs or improve operational performance.

CIFCFIN Criticizes ICAN's Forensic Accountant Certification
BusinessPremium Times1mo ago

CIFCFIN Criticizes ICAN's Forensic Accountant Certification

The Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFCFIN) has expressed disapproval of the Institute of Chartered Accountants of Nigeria's (ICAN) certification of forensic accountants, petitioning a professional body to intervene.

UBA CEO Calls for Stronger AI Governance in Banking
Businessvanguard-ng2mo ago

UBA CEO Calls for Stronger AI Governance in Banking

Oliver Alawuba, Group Managing Director and CEO of United Bank for Africa (UBA) Plc, urged internal auditors in the banking industry to embrace artificial intelligence and called for stronger AI governance to safeguard trust in the sector.

Italian tax ecosystem and legal reforms discussed
Worldil-sole-24-ore2mo ago

Italian tax ecosystem and legal reforms discussed

Discussions in Italy focus on creating a unified ecosystem between tax authorities and professionals, with commercialisti playing a key role in cooperative compliance and progress on liability limits for legal auditors, aiming for a tax code by the end of the legislature.

Politicspublico2mo ago

National Exams in Portugal: Process and Control

The article explains how national secondary school exams are conducted and controlled in Portugal, detailing the role of auditors—professors from secondary or higher education—who are bound by secrecy.

Prince Andrew Sublet Royal Cottages While Living Rent-Free
WorldNYTThe Guardiannos+12SCMPder-standardtelextvn24morgunbladidThe Independentindex-hrdh-les-sports+4 more2mo ago15 sources

Prince Andrew Sublet Royal Cottages While Living Rent-Free

UK auditors revealed that former Prince Andrew sublet cottages on the Royal Lodge estate, where he lived almost rent-free, potentially earning significant income. This comes as he was also seen with a large bruise on his face.

Few Accountants Apply for Registration in Montenegro
Businessvijesti-me2mo ago

Few Accountants Apply for Registration in Montenegro

According to the Institute of Certified Accountants of Montenegro (ISRCG), only 100 accountants have submitted applications for registration, a fact highlighted during an international symposium for accountants and auditors.

AI's Impact on Tax Consulting and Auditing
Financefaz3mo ago

AI's Impact on Tax Consulting and Auditing

A German economic audit and tax consulting firm highlights how artificial intelligence and digitalization are driving significant growth and transforming the work of auditors and consultants.

KPMG Poland's New Managing Partner Discusses AI's Impact on Audit
Businessrzeczpospolita3mo ago

KPMG Poland's New Managing Partner Discusses AI's Impact on Audit

Andrzej Gałkowski, the new managing partner of KPMG in Poland, discussed how AI is transforming the audit landscape. He emphasized that while AI changes the process, it does not absolve auditors of responsibility, highlighting the interconnectedness of business transformation, cybersecurity, and regulatory changes.

Shareholders Approve Proposals at Multiple Company Annual Meetings
BusinessYahoo3mo ago

Shareholders Approve Proposals at Multiple Company Annual Meetings

Several companies, including Alpha Metallurgical Resources, AMETEK, Allison Transmission, Ally Financial, and Accel Entertainment, held their annual shareholder meetings. Shareholders approved various proposals, board members, auditors, and executive compensation across these firms.

Bank of Ghana's Financial Losses and Policy Solvency Debated
Businessgraphic-ghanamyjoyonline3mo ago2 sources

Bank of Ghana's Financial Losses and Policy Solvency Debated

The Bank of Ghana is facing scrutiny over its substantial financial losses, with debates ongoing among experts and political parties regarding its policy solvency and the impact on the economy. While the Minority caucus alleges accounting concealment and significant losses, the Majority caucus and some experts argue the losses are a necessary cost for economic stabilization.