United States: Audit

Artificial intelligence has moved to the center of how the Internal Revenue Service selects tax returns for audit, detects tax fraud, and administers the U.S. tax system.

The U.S. Department of Health and Human Services has launched a new initiative using artificial intelligence to analyze years of audit reports from federal healthcare funding recipients across all 50 states. This program, called AERO, aims to identify unaddressed audit deficiencies and combat healthcare fraud by leveraging AI tools like ChatGPT to review extensive audit documentation that would typically go unexamined.

On May 29, 2026, the Illinois General Assembly passed Senate Bill 315 (SB 315), which, when effective, would impose public transparency, critical safety incident reporting...

Investment fund managers face significant challenges during annual audits, from organizing extensive documentation to navigating GAAP compliance requirements. Understanding how strategic audit preparation can reduce costs, minimize disruptions, and streamline the entire audit process is essential for funds of all sizes.

The Securities and Exchange Commission has launched a comprehensive review of the Consolidated Audit Trail, questioning whether the system should continue in its current form after costs ballooned from an estimated $55.8 million to over $248 million annually. The concept release solicits public comment on fundamental aspects including governance structure, funding models, data collection scope, and whether the CAT should be eliminated entirely in favor of alternative audit trail systems.

For three years, we have been writing about Oracle’s Java licensing enforcement as a slow-motion campaign — one that began with “friendly” compliance emails, continued through a series of escalating sales-team...

The U.S. Department of Labor’s Wage and Hour Division (WHD) offers the Payroll Audit Independent Determination (PAID) program as a voluntary pathway for employers to self-identify and resolve certain wage-and-hour...

Form 10-Q is still a cornerstone of quarterly financial reporting, offering stakeholders prompt insights into your organization’s performance, risks, and strategic developments.

Immigration and Customs Enforcement has reclassified several common Form I-9 errors from technical violations to substantive violations, eliminating employers' ability to correct these mistakes during audits.