Internal controls are defined broadly as the measures an organization takes to protect life and property. Ranging from physical security and access controls to rules of conduct and procedure, internal ...

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 ...

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 ...

The conduct of the Baseline Assessment of Internal Control System (BAICS) is required by Department of Budget and Management for all government institutions – national government agencies and its ...

Many leaders of organizations treat internal controls as a tedious task that sits at the bottom of their to-do list, and, because just about no one ever gets to the bottom of their to-do list, often ...

Woori Bank, which has been embroiled in unfair lending and various financial incidents, will prioritize strengthening internal controls this year. Starting last month, branch managers have directly ...

Day in day out we hear of cases of individuals being indicted and funds missing within organisations. But who are the guardians of integrity and accountability. May is International Internal Audit ...

The mission of the College of Environmental Science and Forestry is to advance knowledge and skills, while promoting the leadership necessary for the stewardship of both the natural and designed ...

The federal government has developed the model 'Procedure Relating to Internal Audit of Consolidated Fund-2021' for the local levels to maintain fiscal discipline through transparency in utilisation ...

It appears that some people never learn, the latest culprit being the management of Allied Irish Bank (AIB). How can one man, in this case a certain John Rusnak, incur losses of nearly Dh3 billion ...

Evergrande Group. In 2021, the heavily indebted Evergrande Group even defaulted on paying back its loans and bonds and other obligations. The problem has derived from the developer's high reliance on ...