'audit oversight' is a valid and usable part of a sentence in written English.
It is used to refer to the monitoring and supervision of the activities of an auditor. For example: "The board of directors is responsible for providing effective audit oversight to ensure proper financial reporting."
But, she said, "there has been virtually no audit oversight" of Medicare contractors.
All companies receiving federal bailout money should have audit oversight by the Government Accountability Office.
"When you don't have a chairman of the audit oversight board and don't have a chairman of the S.E.C., it's problematic as to how much can get done," Mr. Walker said in an interview this afternoon.
Audit committees have moved from annual external audit oversight to more thorough overall risk committees and in some banks they have risk committees that now operate independently of the audit committee.
"As shareholders who have been engaging apparel companies and retailers to foster responsible sourcing practices, including human rights due diligence with robust audit oversight in global supply chains, we see the events in Bangladesh as a watershed moment for the industry," the letter said.
The audit asserts, for example, that "there has been no fiscal audit oversight" of the special education service providers since 2007 and that the department, which is understaffed, has no systematic way of reviewing the hundreds of millions of dollars in charges submitted every year by the contractors.
The Certified Public Accountants and Auditing Oversight Board, which also sits under the FSA, is both the accountants' watchdog and their representative.
The agreement also provides for a budget and auditing oversight committee, under the Met and Juilliard as co-chairmen and with all other members represented.
Creative destruction is muffled.Two cheers for the deregulatorsThe JOBS Act would make it easier for young, growing companies to go public by releasing them from some of the auditing oversight requirements of the 2002 Sarbanes-Oxley Act.
On Wednesday, a House Energy and Commerce subcommittee is to hold a hearing about legislative responses to rising gasoline prices; a House Financial Services subcommittee is to hold a hearing about accounting and auditing oversight; and a House Financial Services subcommittee is to hold a hearing about the collapse of MF Global.
Any deal with WorldCom, which filed for Chapter 11 protection in July in the biggest bankruptcy filing in United States history, would come at a sensitive moment for the commission and for Harvey L. Pitt, its chairman, who has drawn criticism for his handling of the appointment of a leader for a new auditing oversight board.
