In a note released by NFRA earlier this month, the watchdog spelt out the questions auditors should expect from audit committees on how credit loss is accounted for and audited.
Shares of FTAI Aviation plummeted more than 30% on Tuesday after the U.S. aircraft lessor announced that its audit committee would investigate claims of financial irregularities made by short-seller ...
"We're looking into the financial nature. Did this expenditure violate policies and procedures? Were any other laws broken?" State Auditor Joseph Maestas said.