Internal Audit: Types, Benefits, and Key Elements

Learn how internal audits assess controls, governance, and accounting in companies, highlighting improvement opportunities ...
Houston Chronicle

An Audit Firm's Responsibility About Weaknesses in Internal Control

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.
Accounting Today

CAQ Releases Internal Control Audit Lessons

The Center for Audit Quality has published a free online reference source for public company auditors with lessons on performing audits of internal control over financial reporting. Processing Content ...
Houston Chronicle

Audit Procedures & Techniques for an Internal Audit

A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...
Accountancy Age

Internal audit flagged it. The board ignored it. The FCA fined it.

UK financial firms faced over £1bn in FCA fines for internal control failures since 2021. Explore the Chartered IIA report ...
Ventura County Star

Auditors cite 42 internal controls issues but no fraud at VCMC

Auditors have pointed to dozens of concerns about fiscal safeguards at Ventura County Medical Center, tying the issues to the tone set by top leadership. The four-month, $100,000 audit was conducted ...
Hosted on MSN

ACCA and IIA report on internal control for sustainability reporting

The Association of Chartered Certified Accountants (ACCA) and The Institute of Internal Auditors’ (IIA) Internal Audit Foundation have produced a report emphasising the importance of internal control ...
The Star Press

Lack of internal controls cited by state audit of Muncie government

MUNCIE, Ind. − A state audit of Muncie government finances during 2022 cited a lack of internal controls in recordkeeping of city revenue and expenditures, including proceeds of federal and state ...
Purdue University

Internal Audit Charter

The Internal Audit Office (the “Office) serves as a resource to examine and evaluate University activities in service to the Board of Trustees. The Office is dedicated to aiding the University in ...
JD Supra

The Uber Board Report – Part II: Internal Controls

I continue my blog post series on the Holder Report (Report) to the Board of Directors of Uber Technology, Inc. (Uber) where the Board asked Holder’s law firm, Covington & Burling LLP (Covington), to ...
New Orleans City Business

Audit finds University of New Orleans lacked effective internal controls

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 ...