Another remedy is formal regulation: requiring companies to issue quarterly reports, undergo audits, disclose important news, and so forth.
And even though private businesses do not have to undergo audits, most mid-size firms buy one anyway, because banks rarely lend to unaudited borrowers.
In December, the Saudi government announced it had frozen bank accounts containing $5.5 million, required Saudi charities to undergo audits and created a financial intelligence unit to investigate money laundering.
The Securities and Exchange Commission said, for example, that municipal bond investors were entitled to basics like audited financial statements — something investors in stocks take for granted — but said it could not force municipalities to undergo audits unless Congress gave it that power.
The plan, which the owners said was too costly, called for all buildings of 50,000 square feet or more to undergo audits to determine which renovations would make them more energy efficient, and for owners to then pay for many of those changes.
On Capitol Hill, Lawrence Halloran, a spokesman for Representative Christopher Shays, the Connecticut Republican who is chairman of the National Security Subcommittee of the Government Reform Committee, said Energy Department employees had been undergoing audits for years and "shouldn't require spoon feeding on how to handle this".
Two of the factories inside the building had undergone audits overseen by a monitoring group, the Business Social Compliance Initiative, which was created by a European industry group, the Foreign Trade Association.
(In Washington, legislation is pending to force the central bank to undergo an audit).
Astana are awarded their WorldTour licence but must undergo an audit and they are placed on probation.
Before the decisions are made, however, the construction budget will undergo an audit ordered last week by Mayor Rudolph W. Giuliani.
All of the governors asked for the OCC to be referred to a public-accounts committee, and to undergo an audit.
