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The auditor general performs financial audits of state agencies, municipal governments, school districts, public sector pensions, entities that receive state funding support (such as certain universities and hospitals), and corporate tax returns.
The state Auditor General’s office intends to conduct an audit of the Erie County Gaming Revenue Authority, according to a Feb. 20 letter from state Auditor General Tim DeFoor.
The Federal Audit Clearinghouse (FAC) is an office within the United States federal government.In compliance with the U.S. Office of Management and Budget (OMB) Circular A-133 Revised, the FAC is in charge of receiving, processing and distributing to U.S. federal agencies the Single Audit reporting packages of thousands of recipients of federal assistance.
Continuous auditing is an automatic method used to perform auditing activities, such as control and risk assessments, on a more frequent basis.Technology plays a key role in continuous audit activities by helping to automate the identification of exceptions or anomalies, analyze patterns within the digits of key numeric fields, review trends, and test controls, among other activities.
In 2007, former Department of Education researcher, Jon Oberlander, filed a False Claims Suit against PHEAA and other lenders. PHEAA is accused of taking advantage of a loophole (now referred to as the 9.5% Scandal), and defrauding U.S. taxpayers of millions of dollars. [7]