Accounting Today

Art of Accounting: Internal controls toolkit for consultations by small firms

When I was in college, I had a course in internal controls taught by the professor my father had when he was in college. I don’t believe much has changed since my father learned about internal ...
Accounting Today

Guidance on Monitoring Internal Controls

The Committee of Sponsoring Organizations of the Treadway Commission has released an exposure draft document offering guidance on monitoring internal control systems. Processing Content Developed by ...
Forbes

New CFO Concern: Cybersecurity Issues Are Now An Internal Accounting Controls Problem

Forbes contributors publish independent expert analyses and insights. Priya Huskins is an expert on D&O risk and corporate governance. By now, we all know that a cyber breach may lead to the ...
Houston Chronicle

Ways to Control Accounting & Inventory

Accounting systems and inventory can be especially vulnerable to theft, fraud or outright mismanagement. Controlling the integrity of your accounting records and the security of your inventory can ...
Houston Chronicle

What Are Internal Controls of a Business?

Corporate scandals of the early 2000's brought about sweeping corporate financial reform in the form of the Sarbanes-Oxley Act. It stipulated that top management of a corporation bore legal ...
The Business Journals

Internal controls protect small and mid-sized businesses from financial fraud and operational risks

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When people hear the term internal controls, they often ...
The Business Journals

Is it an internal control or is it a process? Here’s why it matters

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Internal controls are a major part of any modern-day entity ...
JD Supra

The Importance of Accounting and Internal Controls (Part I of II)

Here are some basic propositions that surround FCPA compliance. It is often underplayed that the FCPA contains more than just a bribery prohibition – the FCPA contains broad provisions, requiring ...

Treat internal financial controls as business necessity, not as compliance burden: ICAI president

"Internal control mechanism is not a matter of compliance. It is a matter of self-interest. Any entrepreneur should have an ...
Law

The Evolving Scope of the Exchange Act’s Internal Accounting Controls Provision

White & Case attorneys discuss the changing scope of the internal accounting controls provision under Section 13(b)(2)(B) of the Exchange Act. They analyze recent developments and highlight growing ...
JD Supra

Called to Account: SEC's Latest Internal Accounting Controls Action Reignites Debate

Several years ago, the U.S. Securities and Exchange Commission (SEC) issued an order against a public company that raised more than a few eyebrows. In that order, the company settled to violations of ...
JournalofAccountancy

5 missteps to avoid when evaluating internal controls

Are you an auditor engaged to audit an entity that is less complex? If so, you may wonder why you spend time on the audit evaluating internal control. This may seem like an exercise that is much more ...