Internal controls are processes and procedures implemented by a company to ensure accuracy, prevent fraud, and improve ...

Today many companies recognize the desirability as well as the requirement to have an effective system of internal control. Yet, designing and implementing a cost-effective system of internal control ...

This article explains how risk-based internal audit prioritises high-impact business areas over routine verification. It highlights how focusing on key risks improves efficiency and strengthens ...

Continuous improvement of a compliance program requires robust auditing and testing. The Justice Department and regulatory agencies have articulated a number of key issues and principles to assist ...

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 ...

Cyber-security testing controls are more accessible than ever, making it an opportune time for IT audit teams to adopt their own techniques and become more independent rather than continuing to depend ...

It seems the Public Company Accounting Oversight Board is not the only audit regulator troubled by audit quality around internal controls over financial reporting and fair value. It’s a big problem in ...

ROCK ISLAND ARSENAL, Ill. – Did you know that the Army gets audited? Well, they do, and it’s for the same reason any large organization might - to ensure accountability and transparency, to improve ...

After a short visit to Val Lewton’s Cat People, I return to conclude this multipart series on the Framework for OFAC Compliance Commitments (Framework). Every compliance professional of any stripe ...

The Institute of Internal Auditors designated May as Internal Audit Awareness Month. It is a time to recognize the value that internal audit brings to organizations. It is also an opportunity to ...

Most companies, big and small, are subject to an audit at some point. Auditors can focus on one or more areas, such as your financial statements, compliance, tax information or business operations.

The Institute of Internal Auditors designated May as Internal Audit Awareness Month. It is a time to recognize the value that internal audit brings to organizations. It is also an opportunity to ...