An internal audit helps a company ensure it has the proper controls, governance and risk management processes in place, according to the Institute of Internal Auditors. By nature, it's an independent ...

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.

The Securities and Exchange Commission is proposing to limit the requirements under the Sarbanes-Oxley Act for audits of internal controls over financial reporting, making them apply to only the ...

The November collapse of cryptocurrency exchange FTX serves as a lesson of what happens when a corporation avoids internal audits of its own financial operations. A new article examines how such ...

The guidance helps CPAs assess AI risks, controls, audit responses and tool use.

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 ...

Wharton's Daniel Taylor discusses his research on why proposed SEC changes on small firm audits could lead to more accounting scandals. The Securities and Exchange Commission proposed in May to exempt ...

The Institute of Internal Auditors’ (IIA) new Global Internal Audit Standards™ went into effect on Jan. 9, with a stated goal of elevating the quality and effectiveness of an organization’s internal ...

Korea Sports Leisure Co., Ltd. (CEO Kim Dae-wook), the entrusted operator of the sports Toto lottery, is joining hands with ...

The Sarbanes-Oxley Act of 2002 significantly expanded oversight of public companies following high-profile accounting scandals at Enron and WorldCom. Among its most debated provisions is Section 404(b ...

The University of New Orleans failed to maintain an effective internal audit function and did not fully comply with financial reporting standards, according to a recent audit conducted as part of the ...

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish objectives by ...