A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

State says South Bend schools errors "can diminish overall confidence in ... financial management." Local officials say many issues already addressed.

Auditors found widespread internal control failures in Stockton’s finances, including accounting errors, delayed reporting and weak oversight of public funds.

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...

NFRA inspection reports on four major audit firms highlight the need for stronger internal controls, improved documentation and tighter oversight of non-audit services and related-party transactions ...

MUNCIE, Ind. − A state audit of Muncie government finances during 2022 cited a lack of internal controls in recordkeeping of city revenue and expenditures, including proceeds of federal and state ...

Auditors have pointed to dozens of concerns about fiscal safeguards at Ventura County Medical Center, tying the issues to the tone set by top leadership. The four-month, $100,000 audit was conducted ...

The reports cite material weaknesses in financial processes and federal program compliance.

A state audit is raising serious concerns about financial oversight within South Bend Community Schools.The report which covers July 2022 to June 2023... identi ...

I continue my blog post series on the Holder Report (Report) to the Board of Directors of Uber Technology, Inc. (Uber) where the Board asked Holder’s law firm, Covington & Burling LLP (Covington), to ...

Auditors who issue adverse opinions regarding a client's internal controls can find their careers derailed, according to a recent study. Processing Content The study, released in March, found that ...