In the age of Coronavirus, it could well be time to assess your internal controls beyond a gap analysis. Consider what COSO says about assessing compliance internal controls. In its Illustrative Guide ...

Princeton’s RCN (RCNCQ.PK) said Tuesday it is in the process of hiring an outside consulting firm to assist in testing the company’s internal controls over financial reporting. The provider of bundled ...

Laguna Beach’s Citizens’ Audit Review and Measure LL Oversight Committee presented the results of the city financial audit for the 2017-18 fiscal year on Tuesday. The committee, composed of seven ...

The ability of the Internal Revenue Service to track unpaid tax assessments suffered from “continuing control deficiencies” in fiscal 2018, the Government Accountability Office reported last week. The ...

I have recently detailed the COSO 2013 Framework in the context of a best practices compliance regime. However there is one additional step you will need to take after you design and implement your ...

Catherine Allen et al.’s article (“Navigating the Crossroads of Control and Independence ,” Dec. 07, page 42) was an excellent article clarifying the guidance in Statement on Auditing Standards (SAS) ...

State auditors said there is a “significant deficiency” in internal controls at the Department of Employee Trust Funds following the halting of work on a major technical overhaul. News 3 first ...

WASHINGTON, April 5 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday said it has identified a "control deficiency" that gave enforcement staff access to certain adjudicatory ...

The SEC has filed its first-ever enforcement action involving rating symbol deficiencies, hitting Moody’s Investors Service with $16.25 million in penalties to settle charges involving internal ...

Acting IRS Commissioner Danny Werfel takes his seat prior to a hearing before the House Ways and Means Committee on June 27, 2013 in Washington, D.C. (Photo by Alex Wong/Getty Images) The Internal ...