Audit

Illinois' Annual Comprehensive Financial Report for fiscal year 2023 recently passed the 600-day mark and is threatening to break California's lateness record.

Budget battles in the new administration will lean toward further cuts to the IRS budget.

The Office of Tax-Exempt Bonds has been staffing up, IRS officials said at the National Association of Bond Lawyers conference in Chicago.

Columbus' technology modernization push has embedded artificial intelligence functionality into its payroll, revenue and accounting and operations systems.

The saga dating back to last year appears to be concluded with a settlement.

Without admitting or denying the findings, Luther Speight and his firm Luther Speight and Company agreed to pay civil penalties of $20,000 and $10,000, respectively.

AI will be part of a new tax-enforcement effort that will target high-income earners, partnerships, and large corporations.

The state-created agency has a plan to finally tap hitherto unused proceeds from a 2021 bond issue.

The "act to increase compliance by counties and municipalities that fail to timely submit an annual audit report," was called too harsh by Gov. Roy Cooper.

The Legacy Capital Financing Act would give the state another option to fund capital projects after a delayed annual audit prevented the issuance of bonds.