#audit

which ever gov let this merger happen should be fired. which this history of altice why did anyone think it would be better for the USA? these people should be looked at and investigated. also any town that gave money to altce make sure you got what you paid for hearing lots of states are doing audits now to see.

I would like to see an audit of the miles expense leaders are claiming. The policy states you must deduct your miles from home to your Report location.

Hope you haven’t been submitting miles for your local commute.Report your directors and Sr managers if you know something.

there are some major news coming for audit/tax/accounting departments coming soon…..

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001702780/000170278026000057/optu-20260916.htm

On September 16, 2026 — just two weeks ago — Optimum's Audit Committee discovered that the company had been incorrectly accounting for deferred tax benefits related to previous impairment charges on its cable franchise rights. This error, which went undetected by both management and KPMG (their auditor), caused Optimum to overstate its net losses by approximately $430 million in 2025 and $720 million across Q1 and Q2 2026 — a combined $1.15 billion accounting error across multiple reporting periods. The company filed an 8-K on September 21 disclosing that financial statements going back to late 2025 must be formally restated.

The good news — if there is any — is that the restatement doesn't change anything operationally. Revenue, cash flows, EBITDA, and capital expenditures are all unchanged. The company actually looks slightly less financially distressed on paper once the correction is made, because previously overstated losses get reduced.

The bad news is significant. The Audit Committee concluded there is a material weakness in Optimum's internal controls over financial reporting — meaning the systems designed to catch accounting errors failed. KPMG's audit opinion on those controls is now unreliable. For a company already fighting a creditor lawsuit and heading toward restructuring, a formal material weakness finding gives creditors additional ammunition and creates further uncertainty around the accuracy of all financial statements. It also means restated filings must be completed before Q3 results can be properly filed — potentially delaying the November 5 earnings date and with it the Q3 bonus payment timeline.

North Carolina's State Auditor has launched an investigation into alleged financial irregularities within Charlotte-Mecklenburg Schools. This inquiry follows a formal request for a criminal investigation from the District Attorney. The auditor's office is examining a broad range of financial records, budgets, and contracts. The investigation was prompted by multiple calls and information from residents expressing concerns. The former superintendent also previously detailed allegations of financial impropriety in a memo.

Charlotte, NC

https://www.wbtv.com/2026/09/23/state-auditor-investigating-alleged-financial-irregularities-within-charlotte-mecklenburg-schools/

E-O is having many org changes so late into the year, leaving directors with no direct reports and employees being set up for year end in a bad place. It feels weird. Anyone know why is going on specifically in audit world?

Imagine the mess coming.

IT&V is going to take much of Audit’s work. IT&V hired a large group of Big 4 leaders that do not know internal audit, do not know how to identify an issue, or how to navigate the bank. They effectively QA control documentation pretending to evaluate the control enviornment. IT&V is not built to find issues and is not finding issues. Risk is a bigger mess than it was 5 years ago with over reliance on RCSA.

We will back in a huge mess in less than 3 years. In the meantime, we shrink. We make questionable decisions.

These things take time. Grab the popcorn.

https://www.healthcaredive.com/news/hhs-oig-audit-humana-unitedhealthcare-medicare-advantage-upcoding-overpayments/830632/

Just look at their track record with audit, it&v, external regulators and voice of team survey results. Operating commette should be working with hr and demanding exit plans for these incompetent senior managers.

Here Fiserv's immigration lawyers submit full documentation "signed" saying that :

Fiserv CAN NOT get any US Citizens for those GREAT positions, they did EVERYTHING that is required by the law, Hence this foreign national with a H1B is the ONLY best candidate to get that job and the PERM certification towards a Green Card.

Common.. with all these layoffs, IS IT TRUE.. ??? HR says yes it is TRUE.. !!! unbelievable

Droves of US citizens are being RIF'ed while Fiserv 'swears' to USDOL that they can NOT get a US citizen to fill that position.. Wow !!!!!!!!!!

Fiserv must maintain these for each PERM filing :

Lawful Rejections Only: If U.S. workers apply, the employer can only reject them for objective, lawful, and job-related reasons (e.g., lacking the minimum required education or experience). If a single qualified U.S. worker is available, willing, and able to take the job, the PERM cannot be approved.

Recruitment Report: The employer must prepare a detailed recruitment report explaining the lawful reasons for any applicant rejections.

Audit File Retention: While recruitment documents are not submitted with the initial Form ETA-9089 application, the employer must maintain a compliance "audit file" for at least 5 years from the date of filing in case the DOL audits the application.

Fire all the associates and contractors stealing time. Audit T&E.

The King County Regional Homelessness Authority has implemented its first round of layoffs, impacting ten employees. These cuts follow a period of uncertainty for staff after leadership announced potential job losses. The agency's top executives were notably absent during the layoff announcements, attending a council meeting instead. These layoffs occur as an audit reveals significant unreconciled funds within the organization. Severance packages for the affected employees are notably less generous than those provided in previous layoffs.

Seattle, Washington

https://publicola.com/2026/08/26/kcrha-layoffs-begin-with-executive-positions-financial-staff-untouched/amp/

The Institute of Contemporary Art San Diego's board is investigating allegations of financial mismanagement following significant staff layoffs. Current and former employees submitted a letter of no confidence, requesting the executive director's dismissal and a formal audit. The board has acknowledged receiving these concerns and is conducting a thorough review. Documentation suggests financial and operational issues have impacted the institution's ability to meet payroll and fulfill its mission. The museum confirmed nearly half of its staff was eliminated on August 17th.

San Diego, California

https://www.sandiegouniontribune.com/2026/08/26/after-layoffs-institute-of-contemporary-art-san-diego-faces-internal-review/

Apparently some Raytheon programs have, get this, TWO SETS of actual costs incurred under cost-type contracts: one set of #'s for the government and another set of #'s internal to Raytheon. These actuals do not remotely match and it's not due to lag-time in applying the accruals. Something to look out for as this is not a limited or one-off activity.

Why is Verizon not giving the chance for the right people with skills to move up?
When I talk about right people, it’s about people who are not getting any inherited wealth and are not relying on a cushion of being lazy in management. Why isn’t there an audit happening before promoting such people to see if they’re actually performing consistently. With a tangible metric assigned to it.

Which accounting firm audits the financials? Who specifically at this firm is conducting the audit?

Citi's job board is a total fraud. Every fake interview is just a cruel waste of time for a job already promised to some buddy or contractor.

HR and managers have zero morals. Someone needs to audit this rotten system, and the candidates who applied internally should start saving screenshots of the staff lists before and after few months to catch them in their lies.
What a waste of time!

I heard there were quite a few layoffs in Audit Services today. Is this true? I’m hearing several directors, the Lead (Senior Audit Manager) position is effectively gone and those in the position were either demoted or laid off.

I’m also hearing PNC NMC next?!

The title says it all

Another departure from the CSBB audit team. This time a director only there for a year and a half. You have a managing director that is pregnant and will be out on leave. A recently promoted director out on leave. What is going on with management in that team that so many are finding an out?

PwC has implemented targeted voluntary redundancies within its UK audit practice, affecting senior associates and managers. This move follows a trend among Big Four firms to adjust staffing levels due to slower market conditions and reduced employee attrition. The company stated these exits are in areas with low natural turnover to ensure the right skills are available for market opportunities. This action mirrors similar workforce recalibrations at KPMG and Deloitte. The Big Four are collectively rebalancing their workforces after a period of rapid post-pandemic hiring.

London, United Kingdom

https://www.peoplematters.in/news/strategic-hr/layoffs-reach-pwc-as-big-four-firms-continue-audit-workforce-reset-50778

I need you guys to set me straight or confirm what I'm seeing. Is audit currently a hellscape of poor management, training, consistency, and direction? I came from another bank knowing the red flags were visible but I literally cannot figure out what's going on from day to day, audit to audit. No one seems to know what's going on. People are generally nice and super smart but I feel like I'm in the twilight zone from audit to audit. I feel like I'm in the middle of the desert by myself most times. Am I just being overly critical here?

I've received a constant stream of chasers and reminders about timesheet entry in recent weeks. The organisation seems obsessed on this, which suggests there is a wider problem.

The assumption appears to be that this is primarily an employee issue. That may be true in some cases, but from my perspective the root causes are systems and process related.

Common examples include:

• It taking an excessive amount of time for a WBS to be created and allocated to an employee's profile.
• Timesheets that were submitted on time get reopened sometime later by someone else.

We seem to be investing a considerable amount of effort in chasing employees, and then having those staff raising HR cases to get individual weeks resubmitted. That effort would be better spent delivering value to our clients. Yet none of that value add features in our stock FY27 objectives.

EY is reportedly laying off audit Staff 1s this week. The exact number of affected employees remains unclear. These layoffs are occurring near the end of EY's fiscal year. The firm hired over 2,300 audit professionals in fiscal 2025. EY recently opened a new AI center in Bengaluru, India.

https://www.goingconcern.com/layoff-watch-26-ey-trims-some-newbies-in-audit/

Just had asset protection visit our office and do a presentation on how reports and investigations are handled!
I have been here 27 years and I have never seen these guys show up somewhere in person and usually you didn't even know they were here!!
Very suspicious they would even have a meeting with our group, has anyone else had this happen to them?
they even had a Q and A session after on their procedures.

What is the team / work culture in the Audit Analytics group?

California Academy of Sciences employees rallied at San Francisco City Hall. They called for the San Francisco Board of Supervisors to audit the Academy's finances. This action followed recent layoffs affecting at least 38 union members. Management stated staff reductions were necessary to reduce expenses and eliminate deficits. Workers had previously proposed executive pay cuts, which the Academy refused.

San Francisco, California

https://localnewsmatters.org/2026/06/12/sf-california-academy-sciences-workers-rally-layoffs/

Looks like some workgroups received an email with the above title. They are launching some AI-Enabled Activity Summary and we’ll have to audit against what the AI activity generates. Was curious to hear others thoughts who received this email?

California Academy of Sciences employees rallied at San Francisco City Hall. They called for the San Francisco Board of Supervisors to audit the Academy’s finances. This follows several rounds of layoffs over the last six years. The most recent layoffs in April affected at least 38 union members. Former Executive Director Scott Sampson stated these actions were necessary to reduce expenses and eliminate deficits. Union president Teddy Vollman noted their proposal for executive pay cuts was refused.

San Francisco, California

https://localnewsmatters.org/2026/06/12/sf-california-academy-sciences-workers-rally-layoffs/

Does anyone know anything about the major FDA investigation or audit going on in Hayward? They showed up unannounced and have been onsite 2 weeks already. Are there some issues?

Deloitte recently conducted layoffs within its audit division. These reductions affected employees, including senior managers. The layoffs occurred shortly before annual bonuses were scheduled. Affected individuals reported the process felt impersonal. One senior manager received severance and bonus payout.

https://www.goingconcern.com/layoff-watch-26-deloitte-auditors-got-bad-news-this-week/

US House of Representatives
SELECT COMMITTEE ON THE CHINESE COMMUNIST PARTY
548 Cannon House Office Building Washington, D.C. 20515
(202) 225-6002

May 2, 2023

Mr. John Donahoe
President, and Chief Executive Officer Nike, Inc.
One Bowerman Drive Beaverton, OR 97005

Dear Mr. Donahoe,

On March 23, 2023, the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party (CCP) held a hearing entitled, "The Chinese Communist Party's Ongoing Uyghur Genocide." At the hearing, we heard first-hand witness accounts about the CCP's concentration camps and expert testimony regarding the perpetration of genocide. We also received written testimony in which an expert assessed that "American companies are financing the state-sponsored forced labor programs in the Uyghur Region."1 We seek additional information regarding this matter.

The U.S. Department of State has determined that the CCP is committing genocide against Uyghurs and other minority groups in Xinjiang. 2 In response to the CCP's atrocities, Congress passed the Uyghur Forced Labor Prevention Act (UFLPA) with bipartisan support. On December 23, 2021, the UFLPA was signed into law. The UFLPA prohibits the "importation of any goods made with forced labor, including those goods mined, produced, or manufactured wholly or in part in the Xinjiang Uyghur Autonomous Region."

1. We received expert testimony which revealed that products made by Uyghurs in forced labor camps are still entering the United States. 4 One expert told the Select Committee that Nike is "sourcing garments made not only from cotton from the Uyghur Region but also viscose, lyocell, polyester, leather, and linen from the region."5 Continuing to import goods produced in part with

1 The Chinese Communist Party's Ongoing Uyghur Genocide: Hearing before the Select Comm. on Strategic Competition between the U.S. and CCP, 118 Cong. (Mar. 23, 2023) (Written Testimony ofNury Turkel) ("CCP's Uyghur Genocide Hearing").
2 Edward Wong & Chris Buckley, U.S. Says China's Repression of Uighurs Is 'Genocide', N.Y. TIMES (July 27,
2021).
3 Uyghur Forced Labor Prevention Act, H.R. 6256, I 16th Cong. (2021).
4 CCP's Uyghur Genocide Hearing (Written Testimony ofNury Turkel).
5 Id; According to a Sheffield Hallam University study, Nike is at high risk of having Xinjiang cotton in its supply chain due to its relationship with international intermediary manufacturers and Chinese textile companies sourcing

the forced labor of Uyghurs potentially violates the UFLPA and creates the conditions in which the CCP is able to continue committing genocide.
We would like to offer Nike an opportunity to respond to these serious allegations and to provide information regarding its compliance with the UFLPA. We therefore request that you respond to the following questions by May 16, 2023:

1. Do any garments imported into the United States by Nike contain inputs sourced from Xinjiang and/or inputs made with forced labor ofUyghurs?
2. Please provide a detailed description of the steps Nike has taken since the UFLPA took effect to examine its supply chains with respect to forced labor risk in the manufacture of its products. How do these steps differ, if at all, from the methods utilized before the UFLPA took effect?
3. Please provide a detailed description of the steps Nike has taken since the UFLPA took effect to ensure garments it sells that are made from cotton, viscose, lyocell, polyester, leather, and linen are not manufactured using forced labor by Uyghurs or other minority groups who are subjugated by the CCP.
4. Please provide a detailed description of the steps Nike has taken to examine its other supply chains to ensure that other products it sells are not produced by forced labor undertaken by Uyghurs or other minority groups who are subjugated by the CCP.
5. Do any of Nike's garment suppliers use fabric and/or yarn from any of the following corporations (including their subsidiaries): Jiangsu Lianfa Group, Luthai Textile, Huafu Fashion, Texhong Textile, or Weiqiao Textile?
6. Is fabric and/or yarn made by any of the corporations referenced above used in the production of Nike clothing sold in the United States? If so, please list each corporation whose fabric and/or yarn is used in the manufacture of Nike clothing sold in the United States.
7. If fabric and/or yarn from one of the corporations referenced above is used in the production of Nike clothing sold in the United States, what specific steps does Nike take to ensure that none of this material is made in, or contains cotton from, Xinjiang?
8. Has Nike contractually obligated all its garment suppliers to ensure that no inputs from Xinjiang are used in the manufacture of its clothes sold in the United States? Please provide all relevant documents to support such obligations.

cotton and employing state-sponsored labor transfers from the Uyghur Region. Most of the Chinese textile companies identified in the study have subsidiaries in Xinjiang that have employed state-sponsored labor transfers. See, Laura T. Murphy et al., Laundering Cotton: How Xinjiang Cotton Is Obscured in International Supply Chains, SHEFFIELD HALLAM UNIVERSITY (Nov. 2021).

1. What specific methods, other than mere written or verbal assurance from a garment supplier, does Nike use to verify that the supplier is not using inputs from Xinjiang?

I 0. What audit methods does Nike use to verify that suppliers in China-in and outside of Xinjiang-are not exploiting Uyghurs through state-sponsored labor transfers, given that workers in China cannot speak to auditors about forced labor without fear of government retaliation? Please provide all policies, guidelines, requirements, reviews, assessments, analyses, audits, PowerPoint or other presentations, or other documents that describe, govern, implement, or report conduct, processes, or results (without regard to the title of a given document) that are relevant to the conduct of such audits, as well as copies of any communications pertaining to any incident involving actual, alleged, or anticipated noncompliance with the UFLPA.

1. Has Nike conclusively identified every supplier of fabric, cotton, and yarn in its global supply chain for products sold in the United States? If yes, please provide documents and evidence to substantiate Nike's conclusive identification of such fabric, cotton, and yarn suppliers, including any documents evidencing Nike's methodology with respect to this determination. If not, please provide a detailed explanation of how Nike assesses whether its clothing imports comply with the UFLPA, including any documents describing Nike's methodology with respect to such assessments.

2. Does Nike allow cotton and/or other inputs produced in Xinjiang to be used in the manufacture of Nike clothing sold in markets outside of North America?

3. In 2020, reporting revealed that hundreds of Uyghur laborers worked in a factory that manufactures 8 million pairs ofNikes each year.6 Nike claims to have verified that this factory-owned by a leading Nike Supplier, TKG Taekwang-no longer uses Uyghur forced labor. Given its track record of using forced labor, how did Nike verify that TKG Taekwang no longer uses forced labor? And why does Nike still consider TKG Taekwang to be a suitable business partner?

4. Please provide a detailed description of the steps Nike is taking to examine and monitor its supply chains on an ongoing basis. Please provide all policies, guidelines, requirements, reviews, assessments, analyses, audits, PowerPoint or other presentations, or other documents (without regard to the title of a given document) that describe, govern, implement, or report conduct, processes, or results relevant to the conduct of such examination and monitoring.

5. Please provide a detailed description of your audit and compliance plan(s), and the steps taken thus far to implement controls to ensure that Nike products are not produced by forced labor and that all Nike products are obtained and sold in compliance with the requirements of the UFLPA. Please provide all policies, guidelines, requirements, reviews, assessments, analyses, audits, PowerPoint or other presentations, or other documents (without regard to the title of a given document) that describe, govern,

6 Anna Fifield, China compels Uighurs to work in shoefacto,y that supplies Nike, WASH. POST (Feb. 29, 2020).

implement, or report conduct, processes, or results relevant to Nike's audit and compliance plan(s).

The House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party has broad authority to "investigate and submit policy recommendations on the status of the Chinese Communist Party's economic, technological, and security progress and its competition with the United States" under H. Res. 11. Upon your receipt of this letter, please maintain and preserve all hard copy and electronic documents, including electronic communications, related to the subject matter of these questions.

To make arrangements to deliver a response, please contact Select Committee majority and minority staff at (202) 226-9678 and (202) 225-2489, respectively.

Thank you for your attention to this important matter and prompt reply.

Sincerely,

-
Mike Gallagher
Chairman

Ranking Member

So far haven’t heard of impact at NV. Could this be because an ongoing audit this week? Is RIF still possible next week?

A new job has been posted, they are looking to hire someone to develop AI to take processes, procedures, analysis, etc out of the hands of current workers and into the bowels of AI. The worst part is that the job description includes making the AI in compliance with audit standards and SOX public standards. All while following the rules of controls and separation of duties? How can this be taken seriously? Trusting that data is properly handled, accounting is done up to high standards, and that our financial statements are accurate in the hands of newly developed AI? More layoffs coming to FP&A if this job gets filled? Whoever takes this job will be a yes-man and completely wreck our financial accuracy.

Forvis Mazars reduced its United States workforce. This adjustment impacts about 250 employees. Audit, tax, and consulting roles saw reductions. The company explained that attrition rates were lower than anticipated. Other public accounting firms have reported similar low attrition trends.

https://www.goingconcern.com/layoff-watch-26-forvis-mazars-cuts-3-of-the-workforce-in-unusual-post-busy-season-culling/

KPMG is reducing its U.S. audit partner count. Approximately 100 partners are exiting the firm. An early retirement initiative did not meet its goals. The firm aims to align partner ranks with its audit business. Departing partners will receive financial packages and support.

https://qz.com/kpmg-cutting-audit-partners-early-retirement-042426

Really surprised nobody has mentioned this yet.

Trump administration
announces 50-state audit of Medicaid oversight.

We noticed lots of greencard and US citizens were laidoff where H1b in same team survived. This seems one of favoritism for low cost worker. Filed a case for this.
Seems lots of H1b frauds floating around in Texas and Nashville and Oracle is hiring H1b's here ...
The Indian managers who held H1b and laidoff US residents should be questioned.
Lots of news floating around on H1b fraud now.

We just had two team members let go. So sad.