In 2010, a leaked audit suggested that as much as $4 billion had gone missing in a contracting fraud involving a pipeline project to connect Siberian oil fields with a refinery in China.
Firms such as Ernst & Young, which have sold their consulting practices, see little financial gain from hanging on to auditing.But whoever watches over it, auditing will remain as much an art as a science.
That costs the 3,100-student Jericho district on Long Island $124,000 a year on audits, five times as much as when it went with just one auditor, the superintendent, Henry Grishman, said.
In China, some companies are relying almost exclusively on Tuputech, and have reduced their auditing manpower by as much as 90percentt.
And, of course, an audit can create just as much angst and inconvenience.
An energy audit will save you as much as 30percentt on your yearly bills.
Two international audits last week found that as much as $77bn could be needed.
It also found that none of the 53 stevedoring companies supervised by the commission had been granted permanent five-year licenses, as required, and that payroll audits of them were as much as 14 years behind.
DHS has been window dressing workplace raids by pushing I-9 audits; which hurt workers as much any workplace raid.
A big change came in the industry in the 1970s, when rules restricting auditors from advertising and competitive bidding were loosened, unleashing fierce competition—often on price as much as audit quality.
