Internal controls are the policies you put in place to keep your company's financial reporting accurate. If you sell shares to the public, internal controls have been mandatory for decades. The ...

In its most recent guidance for compliance with Sarbanes-Oxley section 404 requirements for smaller entities, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has provided ...

What specifically are internal controls in a compliance program? Internal controls are not only the foundation of a company but are also the foundation of any effective anti-corruption compliance ...

Simply put, controls are those procedures you perform everyday to get your job done. For example, our delegation of authority policy, travel approval procedure, and our Duo login for our campus ...

Running a business is challenging and takes a significant amount of time and dedication. For most owners, their time is spent cultivating business relationships, managing their employees, developing ...

Learn about soft paper reports, which indicate unreliable information or discredited authors. Discover examples, impacts, and the importance of verification.

In the age of Coronavirus, it could well be time to assess your internal controls beyond a gap analysis. Consider what COSO says about assessing compliance internal controls. In its Illustrative Guide ...

Establishing a systematic set of procedures in a clothing store is necessary to prevent or minimize inventory losses, cash pilferage, unnecessary expenses and other problems that will cause your ...

The mission of the College of Environmental Science and Forestry is to advance knowledge and skills, while promoting the leadership necessary for the stewardship of both the natural and designed ...

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 ...

Small businesses and nonprofits are particularly vulnerable to fraud due to a lack of internal controls, a study from the Association of Certified Fraud Examiners found. The most cost-effective way to ...