The reports cite material weaknesses in financial processes and federal program compliance.

The Federal Aviation Administration said the agency’s 737 MAX production audit into Boeing and supplier Spirit AeroSystems found multiple instances where the companies allegedly failed to comply with ...

A major decision looms over Memphis‑Shelby County Schools. State lawmakers are pressing ahead with legislation that could ...

Any day now, the initial results from a financial audit of Memphis Shelby County Schools should be released. Word on the ...

The Public Company Accounting Oversight Board has proposed a set of significant changes in the requirements for auditing firms' quality control systems, in a major update from the earlier standards in ...

The regulator said the audit found instances in which Boeing and one of its key suppliers did not properly adhere to quality-control requirements. By Mark Walker Reporting from Washington The Federal ...

Washington Metropolitan Area Transit Authority (WMATA) Metrorail has implemented improvements to its automatic train control and signals program, but “is not carrying out some key safety commitments,” ...

Inherent risk is the risk posed by an error or omission in a financial statement because of a factor other than a failure of ...

Key U.S. air traffic control centers are facing staffing shortages that threaten the continuity of the country’s airspace system, a new federal government audit found. The Department of Transportation ...

Metro on Friday disputed claims made in a scathing audit of its Rail Operations Control Center, saying its own outside review could not corroborate specific accusations against senior managers while ...

Claude Code bypasses security controls by acting locally before monitoring, exposing data risks and audit gaps.