Sarbanes-Oxley disclosures on management assessment of internal controls over financial reporting are indicating some worrying trends, according to a new report.

The American Institute of CPAs is throwing its support behind legislation that would require the Comptroller General of the U.S. to provide a presentation before a joint session of Congress of the audited financial statements of the executive branch of the federal government.

Jeff Gramlich of Gramlich Consulting discusses in this video the major pain points in auditing and how cloud-based technology can help.