Houston Chronicle

What Are Internal Controls in Accounting?

Internal controls are business processes that provide reasonable assurance regarding several key business objectives: that the business is operating efficiently, that reporting is reliable and that ...
Accounting Today

Art of Accounting: Internal controls toolkit for consultations by small firms

When I was in college, I had a course in internal controls taught by the professor my father had when he was in college. I don’t believe much has changed since my father learned about internal ...

Understanding Accounting Controls for Financial Accuracy

Discover how accounting controls, like detective, preventive, and corrective measures, ensure financial accuracy and ...
Accounting Today

Globalization efforts to improve internal controls

While corporate scandals in the U.S. have received a great deal of attention, Europe has its own versions of Enron and WorldCom. Parmalat, the Italian agribusiness giant, and Ahold, the Dutch retailer ...
Houston Chronicle

What Are Internal Controls of a Business?

Corporate scandals of the early 2000's brought about sweeping corporate financial reform in the form of the Sarbanes-Oxley Act. It stipulated that top management of a corporation bore legal ...
JD Supra

The Importance of Accounting and Internal Controls (Part I of II)

Here are some basic propositions that surround FCPA compliance. It is often underplayed that the FCPA contains more than just a bribery prohibition – the FCPA contains broad provisions, requiring ...
Forbes

New CFO Concern: Cybersecurity Issues Are Now An Internal Accounting Controls Problem

Forbes contributors publish independent expert analyses and insights. Priya Huskins is an expert on D&O risk and corporate governance. By now, we all know that a cyber breach may lead to the ...
The Business Journals

Is it an internal control or is it a process? Here’s why it matters

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Internal controls are a major part of any modern-day entity ...
JD Supra

Called to Account: SEC's Latest Internal Accounting Controls Action Reignites Debate

Several years ago, the U.S. Securities and Exchange Commission (SEC) issued an order against a public company that raised more than a few eyebrows. In that order, the company settled to violations of ...
Law

The Evolving Scope of the Exchange Act’s Internal Accounting Controls Provision

White & Case attorneys discuss the changing scope of the internal accounting controls provision under Section 13(b)(2)(B) of the Exchange Act. They analyze recent developments and highlight growing ...
Reuters

GM says internal accounting controls "ineffective"

DETROIT (Reuters) - General Motors Corp. has concluded that its internal controls on financial reporting are "ineffective," after a six-week delay in reporting 2006 results prompted by repeated ...