A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

Internal auditors are testing their companies’ controls over key processes and procedures earlier than normal and reevaluating risks as they deal with a wider range of issues that could imperil the ...

The internal audit function can help the enterprise pursue innovation responsibly by encouraging the development of risk ...

A state auditors’ report issued Wednesday reveals a troubled system of internal controls throughout the state’s 12 community colleges, ranging from instances in which employees started work before ...

Getting your financial data ready for an audit isn’t just about pulling reports at the end of the year. You need clear records, accurate reporting, and solid accounting practices that actually support ...

The government’s new accounting oversight body Tuesday proposed its first set of new audit standards, or guidelines for external auditors to check and affirm the effectiveness of companies’ internal ...

Today many companies recognize the desirability as well as the requirement to have an effective system of internal control. Yet, designing and implementing a cost-effective system of internal control ...

Written reports submitted by the Office of Audit and Compliance to the committee outlined high-risk findings in student ...

The number of audit deficiencies tied to fair value measurements is still high, but declined for the second year in a row, according to a new analysis of Public Company Accounting Oversight Board ...

As the cost of compliance continues to increase, risk managers are finding that collaboration across the three lines of defense can achieve an integrated risk management solution that optimizes ...