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 ...

With all of the media coverage on the Sarbanes-Oxley Act, small-business owners might think that implementing an internal control is more expensive and troublesome than it is worth. While a small ...

Earlier this year, Quantum Corporation disclosed it could not timely file its annual financial report due to internal accounting reviews, later announcing a restatement of financial statements and the ...

AuditFile, which makes cloud-based audit automation software, has updated its software with improved compliance controls for its Spring release. The update also features new automation and practice ...

The Institute of Internal Auditors wants more organizations to put in place anti-fraud controls and decide on the role that internal audit will play. Processing Content In a new position paper, “ ...

At the end of last year, the SEC announced settled charges against Entergy Corporation, a Louisiana-based utility company with shares traded on the NYSE, for failure to maintain internal accounting ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...