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 ...
WRAL

NC battleship commission made $2.1M in financial reporting errors, state audit says

The USS North Carolina Battleship Commission says it is working to strengthen internal controls over financial reporting to comply with state law. The audit didn't allege criminal wrongdoing. The ...
Forbes

From Fire Drill To Framework: Six Keys To Strong Internal Controls

After several years of sluggish activity, the public markets are showing renewed momentum, from traditional initial public offerings (IPOs) to mergers with special purpose acquisition companies (SPAC) ...
Accounting Today

Internal audit and the CFO: 5 safeguards to independence

After more than 10 years of sounding alarms about the dangers of having internal audit report administratively to the chief financial officer, I must grudgingly concede my warnings have fallen on deaf ...
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 ...