National accounting firm accused of fraud affecting more than 1,500 SEC filings
One of the nation’s most prolific auditors, BF Borgers faces permanent suspension from practicing as accountants before the SEC and a total of $14 million in fines.
Audits
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Indiana secretary of state doubles post-vote audits
As election security continues to be a hotly debated topic, the secretary of state says this plan is another step toward assuring voters that the state’s election results are accurate.
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Deloitte names new leader for Indianapolis office
Steve Pratt will lead an office of about 500 people. He will succeed Deloitte Tax LLP Partner Mary Boelke, who has led Deloitte’s Indianapolis office for more than 11 years.
IRS to pause taking claims for pandemic-era tax credit due to influx of fraudulent claims
The IRS has received 3.6 million claims for the credit over the course of the program. It said hundreds of criminal cases have been started and thousands of claims have been referred for audit.
Trump tax audits required by IRS were delayed, panel says
A report released by the Democratic majority on the House Ways and Means Committee indicated the Trump administration may have disregarded an IRS requirement dating back to 1977 that mandates audits of a president’s tax filings.
IRS to the rescue? Tax audits eyed for infrastructure cash
President Joe Biden is proposing that Congress build up the depleted and often-maligned agency, saying that a more aggressive collection of unpaid taxes could help cover the cost of his multitrillion-dollar plan to boost infrastructure, families and education.
IRS lags on its plan to speed corporate audits
The IRS isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.
IRS cuts taxpayer services as filing returns gets harder
The Internal Revenue Service is reducing taxpayer services to historically low levels just as President Barack Obama's health law will make filing a federal tax return more complicated for millions of families.
State examiner wants higher Indiana audit fees
State Examiner Paul Joyce is pressing Indiana lawmakers to increase the daily fee for state audits, warning that his office needs more staffing to properly scout local government entities for fraud.
Plea deal rejected for ex-Indiana county auditor
Lawyers are reworking an agreement under which a former county auditor in Indiana was expected to plead guilty to criminal charges of wrongly paying personal expenses with county-issued credit cards.
State eases into rollout of software in tax fix
The Indiana Department of Revenue is five to seven years from replacing the 1990s software that processes the bulk of the state’s tax dollars and that auditors cited in the wake of massive accounting errors.
Chances of getting audited by IRS lowest in years
Budget cuts and new responsibilities are straining the Internal Revenue Service's ability to police tax returns. This year, the IRS will have fewer agents auditing returns than at any time since at least the 1980s.
Brownsburg town council head named new state auditor
Indiana Gov. Mike Pence announced Thursday morning he had selected Dwayne Sawyer for the position. Sawyer has been a member of the Brownsburg Town Council since 2009 and became its president last year.
Auditors: Tech issues, worker rush led to state tax errors
Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.
Answers on $526M in tax mistakes expected in December
Auditors reviewing $526 million in tax errors made by Indiana's tax collection agency said Monday they will investigate whether state employees are knowledgeable enough to track tax collections and whether the state has adequate internal controls to guard against future errors.
Audit of $526M in state tax errors could take months
Representatives of the accounting firm Deloitte told Indiana budget leaders their assessment of what needs to be audited could last through August. The audit itself could take months longer after that.
Indiana hires Deloitte to assess $500M in mistakes
Indiana's state budget leaders picked international accounting firm Deloitte on Monday to determine the scope of an external audit looking at how the state lost track of more than $500 million in tax revenues.
Indiana panel moves toward audit of $500M in mistakes
Indiana's state budget leaders on Monday are expected to take another step toward finding what caused more than $500 million in tax-revenue accounting errors, but a final answer is still a long way off.
Indiana issues call for external audit of tax agency
Indiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered $526 million in errors in recent months.
CIB audit shows agency finances improving
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future
is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
Company in doubt? Don’t blame auditor
Keep in mind, the auditor doesnâ??t run the businessâ??the businessâ?? management does.