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 ...

Whenever foreign investors want to figure out whether internal control exists and is sufficient in their Chinese subsidiaries, an internal control review (ICR) might be the best and very first step to ...

Internal controls represent safeguards that protect a company's business operations and financial information. Business owners are typically responsible for developing and implementing internal ...

Eight standards rolled out in 2006 by the Auditing Standards Board are sparking a cultural shift for auditors. The standards—Statement on Auditing Standards nos. 104–111—are designed to enhance ...

I once interviewed a former employee of the Carter administration whose job consisted of gradually eliminating a minor $10 million government program. And to ensure that happened he was given a budget ...

Western Illinois University supports an internal auditing department as an administrative staff function and as an independent appraisal function to examine and evaluate University business or ...

An essential function of every finance-related job on campus is to safeguard the assets of the university through the development and implementation of a solid structure of internal controls. Such a ...

Plant assets and equipment usually represent a large portion of a company's total assets. The cost to maintain and depreciate fixed assets can also be a big line item expense on the income statement.

Shinhan Investment Corp. noted on the 22nd that if internal control issues arise, the performance bonuses of all executives will be uniformly deducted. Shinhan Investment Corp. entered a crisis ...