When you review the actual law surrounding books and records and internal controls, you wonder to yourself what took the Justice Department and the SEC so long to discover the full power of the ...

Internal accounting controls govern your financial system. "Management is responsible for developing and maintaining effective internal control," reports the U.S. Whitehouse Office of Management and ...

[IMGCAP(1)]When I’m interviewing accountants for positions inside companies, I’m always amazed at how few of them have a solid understanding of internal control. If you want to progress into ...

Internal controls are systems and procedures designed to ensure that all employees perform their duties ethically and honestly. Accounting controls deal specifically with the integrity of internal ...

Six areas on internal controls are essential. Controls should be considered a form of quality control. Internal controls should be sensible and efficient. Policies designed to control a demonstrable ...

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 ...

Internal controls play an integral role in a company’s success, but many young accounting and finance professionals enter their careers without a clear understanding of their importance. I recently ...

Section 13(b)(2)(B) of the Securities Exchange Act of 1934 (“Exchange Act”) (“IAC Provision”) requires public companies to have “internal accounting controls” that, broadly speaking, are sufficient to ...

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 ...

Nidec Corp. shares slumped after Tokyo Stock Exchange said the company would need to improve internal controls following suspected accounting irregularities, and put the stock on special alert. Shares ...

In October, the SEC settled charges against Andeavor, an energy company formerly traded on the NYSE and now wholly owned by Marathon Petroleum, in connection with stock repurchases authorized by its ...

Nidec Corp. shares tumbled after the Tokyo Stock Exchange said the company would need to improve internal controls following suspected accounting irregularities, placing the stock on special alert.