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According to the report, weak audit controls meant bank funds – which included over £300m from the UK's Department for International Development – could have been diverted to implement villagisation.
This is why taxpayers deserve a full, and public audit of the secretive Federal Reserve, not the weak audit language that is in the underlying bill that would keep key pieces of information secret for extended periods of time.
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Pakistan ranks low on Transparency International's corruption perceptions index – coming joint 139th out of 176 countries – and has weak auditing and budgeting procedures.
With its governor and Secretary of State determined to limit Democratic consitutiencies from voting, the state also has a notoriously weak auditing law.
A bureau that is weak at auditing, may wish to mimic a bureau that is strong.
With garments coming from countries like Bangladesh, where the enforcement of labor rights and workplace safety laws are notoriously weak, social auditing firms now serve as one of the few levels of scrutiny in a supply chain where catastrophic factory disasters, not to mention workplace abuses, have become common.
Their results showed that in the internal control based-audit method, there is a weak relationship between audit efforts and corporate governance.
Didactic lecture-based CME and mailed unsolicited materials are weak methods, while audit and feedback delivered by peers or opinion leaders, reminder systems and academic detailing are strong methods.
In market economies, competition, consumer pressure and threats of liability are key drivers for improvement of standards, but they are weak in the auditing market.
"The use of a universal key for access to a storage shed containing valuable copper cable is an example of the weak security efforts," the audit stated.
The popular D.C. tuition assistance program that helps city students pay for college can't explain how millions of taxpayer dollars have been spent since 2004, according to an unreleased audit that describes weak financial controls and management problems at the city agency that administers the program.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com