Many growing companies place great trust in long-time employees who handle key financial duties. That trust is valuable, but ...

Internal controls represent safeguards that protect a company's business operations and financial information. Business owners are typically responsible for developing and implementing internal ...

Internal fraud controls aren't fire-and-forget. Smart collaboration and ongoing improvement will help keep fraud in check. Here are the basics. There are several keys to effective prevention, but some ...

CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP has launched cta.x — an app that allows companies and auditors to rapidly develop and deploy automated internal-controls tests, helping them comply with ...

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 ...

IMGCAP(1)][IMGCAP(2)]Effective internal controls reasonably prevent material misstatements in financial reporting and fraud, but poor internal controls have hurt businesses, investors and the public ...

Increased international trade regulations have led to greater risks for companies that do business abroad. How CPAs help companies manage these risks will vary based on the countries and products ...

Hawkins, David F. "Elevator Service, Incorporated.: Testing Internal Controls for Cash Receipts and Disbursement." Harvard Business School Case 197-004, August 1996.

What are internal controls? The best definition I have come across is from Jonathan Marks, partner at BDO, who defined internal controls as: An internal control is an action or process of interlocking ...

CHICAGO--(BUSINESS WIRE)--The SOX & Internal Controls Professionals Group today announces Sherron Watkins, the former Enron vice president who exposed the company’s corporate misconduct and paved the ...