JD Supra

Internal Controls

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 ...
JD Supra

Internal Controls in Compliance: Part 2-Rigor In Your Internal Controls

New York Times columnist David Brooks’ thoughts on building and maintaining order inform the discussion on rigor in your internal controls. In internal controls, I believe it is incumbent to consider ...
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 ...
Smart Business Magazine

How to set up internal controls on limited resources

Setting up internal controls is challenging for small and midsized companies. Generally, you don’t have that many employees, and they tend to wear multiple hats. The business processes that fuel ...
JournalofAccountancy

Lessons in internal control lapses from major fraud cases

Tammy Thomas, CPA/CFF, CGMA, is a co-author of the most recent FVS Eye on Fraud report, focused on the importance of internal controls preventing employee embezzlement. In this episode, Thomas breaks ...
Houston Chronicle

Checklist for Financial Internal Control

The Committee of Sponsoring Organizations grew out of a private sector initiative known as the Treadway Commission in 1987. COSO was tasked to develop and explain an integrated framework for the ...
TMCnet

What Penetration Tests Reveal About Third-Party Vendor Risk

Vendors keep marching into corporate networks like uninvited roommates who arrive with spare keys. Security teams smile, sign ...
JournalofAccountancy

Choose the Right Tools for Internal Control Reporting

CPAs CAN PROVIDE A VALUABLE service to their employers or clients by helping them plan their strategic approach to compliance with section 404 of the Sarbanes-Oxley Act of 2002. NEW SOFTWARE PRODUCTS ...
ZDNet

Oracle Internal Controls Manager Keeping Ahead of SOA Projects

Of all the tools rushed to market to help companies comply with Sarbanes-Oxley Act (SOA) requirements, the potential of those developed by the Enterprise Resource Planning (ERP) vendors themselves is ...
The Business Journals

Top 10 internal controls to mitigate cybersecurity risks in the family office

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. With cybersecurity awareness month right around the corner ...
Houston Chronicle

Examples of Internal Control Over Financial Reporting

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 ...