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The Sarbanes-Oxley Act of 2002, the most significant investor-protection legislation since the Great Depression, passed only after WorldCom's internal auditor revealed a multibillion-dollar accounting fraud that ultimately bankrupted the telecommunications company.
Earlier this year, the government auditor revealed that $22.6bn (Rs 1 lakh crore) in foreign aid given to India was lying unused due to poor planning by various ministries.
At the end of 2013 China's national auditor revealed that the liabilities of local governments had grown to 10.9 trillion yuan $1.8 trillionn) by the middle of last year, or 17.9 trillion yuan if various debt guarantees were added.
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In its report, the auditors revealed there had been a sudden progression in the amount spent on meals – about €52,000 in 2014 – by just four members of staff, and that €175,222 plus taxes had been spent on a reception "for which the establishment has not been able to give an explanation".
A report by the European court of auditors reveals that the EU has no useful data on farm incomes, and therefore no knowledge of whether farm subsidies serve any social purpose.
Recent studies (including one by the General Accounting Office, the federal government's own auditors) reveal that farm subsidies are America's largest and most expensive corporate welfare program.
The three paintings are thought to be linked to a wider investigation dating back to the 1990s, when an auditors' report revealed that a number of other paintings had been stolen from Glasgow museums and sold on the black market.
He said that auditors had revealed a "significant anomaly in the billing practices" of both companies.
All up, auditors have revealed this week that QN sunk around $224 million into Palmer's side projects, which possibly violates sections of the Corporations Act and is grounds for criminal prosecution.
Nigeria's auditor general recently revealed that $16bn of oil revenue went missing in 2014 alone.
Buying grain to hedge against starvation didn't seem to be a problem until Auditor General Steven Wondu revealed that more than $4 billion in oil revenues and various expenditures had magically vanished over the two years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com